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Biden admin imposes harsh sanctions on Russian oil industry to cut off funding for Ukraine war effort (edition.cnn.com)

submitted 11 months ago by slartibartfast@lemm.ee to c/world@quokk.au

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The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest sanctions to date meant to cut off funding for Moscow’s war against Ukraine.

The sweeping moves, taken just over a week before President Joe Biden leaves office, come as President-elect Donald Trump says he is readying to meet Russian President Vladimir Putin. They also have the potential to unnerve investors in energy markets.

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[–] stoy@lemmy.zip 18 points 11 months ago

The fact that this wasn't done back in 2022 is fucking embarrasing.