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

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

Moscow on Saturday accused the United States of being ready to risk global energy instability with new sanctions on Russia's energy sector,

The United States and Britain on Friday announced sanctions against Russia's energy sector, including oil giant Gazprom Neft, just days before outgoing President Joe Biden leaves office.

President Joe Biden is expected to unveil new sanctions targeting Russia's economy this week, according to a U.S. official, as part of measures to bolster Kyiv's war effort against Moscow before Donald Trump takes office.

The U.S. Treasury on Friday announced sweeping new sanctions against the Russian energy sector, including oil majors Gazprom Neft and Surgutneftegaz , to try to hinder Moscow in its war with Ukraine.

The sanctions target two major oil producers, liquefied natural gas production and elements of Russia’s so-called “dark fleet” of tankers used to carry oil to non-western bu