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

By Alan Rappeport

Washington reports

The United States on Friday announced new sanctions targeting Russia’s energy sector and its “shadow fleet” of oil tankers in what could be a final attempt by the Biden administration to cripple the Russian economy in response to Moscow’s war in Ukraine.

President Biden has been cautious in his approach to sanctions on Russia’s energy sector out of concern that shutting off its exports would send gasoline prices surging around the world. But U.S. officials said healthier global oil supplies and the easing of inflation presented an opportunity to exert more pressure on Russia’s oil industry as the war approaches its fourth year.

Despite a coordinated effort through Western allies to economically punish Moscow for its actions, the Russian economy has have shyed away from the cave in that many economists have predicted.

The movements of the Biden management will put the burden of Trump’s management to whether to enforce the sanctions. Adranranos officials in the Biden management discouraged when asked if sanctions had been discussed with the transition team of President -elect Donald J . . Measures to supply the next administration with greater influence on Russia to negotiate an end to the war .

“The United States is taking radical measures opposed to the main source of income in Russia to finance its brutal and illegal war opposite to Ukraine,” said Treasury Secretary Janet L. Yellen, in a statement. “With today’s sanctions, we build the threat of sanctions related to the oil industry in Russia, adding monetary shipping and facilitation to Russian oil exports. “

On Friday, oil costs jumped ahead of the sanctions announcement amid considerations that new restrictions, as well as bad weather in the United States and wildfires in California, may force global feeding.

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