💨 Abstract

The Biden administration imposed its broadest sanctions yet targeting Russia's oil and gas revenues to cut funds for the Ukraine war. The sanctions affect Russian companies Gazprom Neft and Surgutneftegas, oil vessels, intermediaries, traders, and ports. The measures aim to disrupt every step in the production and distribution chain, costing Russia billions of dollars per month if enforced.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖