Washington now has freer hand in restricting Russian oil amid predictions of a global glut.

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

The United States and Britain on Friday announced sanctions against Russia's energy sector, including oil giant Gazprom Neft, ...

The new sanctions target "Russia's key source of revenue" for funding its war against Ukraine, Treasury Secretary Yellen said ...

The Group of Seven democracies have sought to crimp Russia's oil export earnings that help fund the war against Ukraine.

The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil ...

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

Britain imposed new sanctions on Russian oil majors Gazprom Neft and Surgutneftegaz SNGS.MM on Friday, in a move co-ordinated ...

The U.S. Departments of Treasury and State Friday applied new sanctions on Russia's oil production and exports. Sanctioned ...

The outgoing Democratic administration billed the new sanctions as the most significant to date against Moscow’s oil and ...

Brussels is reportedly assessing the potential impact of President-elect Donald Trump reversing Biden-era sanctions on Russia.