The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil producers and nearly 200 tanker ships.

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

President Joe Biden's administration says it's expanding sanctions against Russia's critically important energy sector over its war in Ukraine.

The Biden administration announced Friday it was imposing what it billed as the most significant sanctions to date on the Russian energy sector, targeting Moscow’s oil and liquified natural gas

The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia's oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine.

In its final days, the Biden administration is again cracking down on Russia over its war with Ukraine, targeting the country’s production and exports of oil. The U.S. Treasury Department unveiled new sweeping sanctions on Russia’s energy sector Friday in an effort to reduce Moscow’s revenue from oil that has continued to be shipped by

The Biden administration has unleashed its toughest sanctions to date on Russia, targeting Moscow’s prized energy sector and its elusive “shadow fleet” of oil tankers. The United States Oval Office rolled out a package of measures aimed squarely at crippling Russia’s ability to fund its war in Ukraine.