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OIL: US Seeks More Sanctions on Tankers Transporting Russian Crude: Reuters

OIL
USCommoditiesCEEMEAEnergy BulletsRussiaBulletNorth America

The Biden administration plans more sanctions on tankers carrying Russian crude, Reuters sources said on Jan. 5, as it seeks to reduce Russia's oil revenue.

  • The US is increasing pressure on Russia before President-elect Donald Trump takes office on Jan. 20 amid uncertainty over Trump's approach to sanctions on Russia.
  • Sanctions targeting tankers that carry Russian oil sold above the $60/bbl price cap are planned, the sources said.
  • They are likely to include measures against people involved in some networks trading oil above the price cap, a source added.
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The Biden administration plans more sanctions on tankers carrying Russian crude, Reuters sources said on Jan. 5, as it seeks to reduce Russia's oil revenue.

  • The US is increasing pressure on Russia before President-elect Donald Trump takes office on Jan. 20 amid uncertainty over Trump's approach to sanctions on Russia.
  • Sanctions targeting tankers that carry Russian oil sold above the $60/bbl price cap are planned, the sources said.
  • They are likely to include measures against people involved in some networks trading oil above the price cap, a source added.