The United States and Britain on Friday announced sanctions against Russia’s energy sector, including oil giant Gazprom Neft, just days before outgoing President Joe Biden leaves office. The US Treasury Department said it was designating more than 180 ships as well as Russian oil majors Gazprom Neft and Surgutneftegas,

Biden administration officials say the sanctions are being imposed now because they are not likely to add to inflation

The United States has launched its most sweeping sanctions yet against Russia’s energy sector, targeting oil giants Gazprom Neft and Surgutneftegas, 183 fuel transport vessels, and 80+ individuals and entities tied to liquefied natural gas exports.