The US Department of the Treasury has introduced new sanctions to reduce Russian energy revenues by blocking Gazprom Neft and Surgutneftegas, and imposing new measures to tackle the ‘shadow fleet’ of opaque operations and traders.
The actions, supported by the UK, authorise sanctions under Executive Order (E.O.) 14024 against persons operating or having operated in the energy sector of the Russian Federation economy.
The Department is also taking steps to reduce Russia’s energy revenues by blocking two ‘active’ liquefied natural gas (LNG) projects, and several LNG tankers owned by Sovcomflot.
“The United States is taking sweeping action against Russia’s key source of revenue for funding its brutal and illegal war against Ukraine,” said Secretary of the Treasury Janet L. Yellen.
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