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U.S. and U.K. Sanctions Aim to Cripple Russia's Oil Industry

1/11/2025

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Summary

Story summary

The U.S. and U.K. have unleashed powerful sanctions on Russia's oil industry, hitting major players like Gazprom Neft and Surgutneftegaz, along with 183 vessels. These bold actions seek to cripple funding for Russia's war in Ukraine, potentially draining billions from its economy each month. Ukrainian President Zelenskyy celebrated the sanctions, confident they will make a difference.

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Story summary

The U.S. and U.K. have unleashed powerful sanctions on Russia's oil industry, hitting major players like Gazprom Neft and Surgutneftegaz, along with 183 vessels. These bold actions seek to cripple funding for Russia's war in Ukraine, potentially draining billions from its economy each month. Ukrainian President Zelenskyy celebrated the sanctions, confident they will make a difference.