The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil producers and nearly 200 tanker ships.

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

President Joe Biden's administration says it's expanding sanctions against Russia's critically important energy sector over its war in Ukraine.

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

With just ten days left until President-elect Trump takes office, President Biden has imposed today the most significant sanctions to date on Russia’s energy sector, targeting key players in the Kremlin’s oil revenues.