The Biden administration is cracking down on the Russian “shadow fleet” and taking steps to curb oil and gas production.

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

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.

President Joe Biden is expected to unveil new sanctions targeting Russia's economy this week, according to a U.S. official, as part of measures to bolster Kyiv's war effort against Moscow before Donald Trump takes office.

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

By Timothy Gardner, Daphne Psaledakis, Nidhi Verma and Dmitry Zhdannikov WASHINGTON/NEW DELHI/LONDON (Reuters) - U.S. President Joe Biden's administration imposed its broadest package of sanctions so far targeting Russia's oil and gas revenues on Friday,

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.

By bne IntelliNews The Biden administration has unveiled its most extensive sanctions on Russia’s oil and gas business yet in a bid to give Ukraine and the incoming Trump admiration more leverage in widely expected ceasefire talks that may start soon,

Biden administration announces expanded sanctions on Russia's energy sector as Trump prepares to address Ukraine conflict