President Joe Biden's administration announced new sanctions against Russia's energy sector in response to the ongoing conflict in Ukraine. The sanctions target entities doing business with Russia and could cost the Russian economy billions of dollars per month. The measures also focus on oil-carrying vessels suspected of evading sanctions and shipping sanctioned Iranian oil. The UK is also imposing complementary sanctions on Russia's energy sector. The Biden administration indicated that it will be up to President-elect Donald Trump's administration to decide whether to keep or remove the sanctions.
Source: https://www.wesh.com/article/biden-sanctions-russia-energy-trump-ukraine/63393828