US unveils broad sanctions on Russian oil and LNG

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  • US sanctions greater than 180 tankers in Russia’s shadow fleet
  • Sanctions Gazprom Neft and Surgutneftegas
  • Senior Biden official says he expects sanctions to price Russia upwards of billions of monthly
  • Expects Russia to make each effort to avoid sanctions however prices of doing so will pile up
  • Sanctions additionally goal dozens of merchants, oil-field providers and Russian vitality officers

This was leaked earlier and brent crude is up $2.73 to $79.65.

This text was written by Adam Button at www.ubaidahsan.com.



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