US and UK Issue Sweeping Sanctions on Russian Oil, LNG

Sanctions aim to erode Russia’s ability to bring in revenues from its energy sector and to give the incoming U.S. administration leverage for a cease-fire deal.

Secretary of the Treasury Janet Yellen delivers remarks at Johns Hopkins University’s School of Advanced International Studies in Washington on April 20, 2023. Anna Moneymaker/Getty Images

The United States and the UK are unveiling a sanctions regime against Russia to increase the cost of the Eurasian power’s war in Ukraine.

The sweeping new sanctions aim to erode Russia’s ability to bring in revenues from its energy sector, according to a Treasury Department fact sheet shared with The Epoch Times.