💨 Abstract

Britain and the U.S. have imposed new sanctions on Russian oil companies Gazprom Neft and Surgutneftegaz, targeting their oil revenues as the "lifeblood" of President Vladimir Putin's war economy. The sanctions, part of a broader response to Russia's invasion of Ukraine, also aim to restrict the movement and access of a so-called shadow fleet involved in illicit oil trading that funds Putin's war effort.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖