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US unveils broad sanctions on Russian oil and LNG

  • US sanctions more than 180 tankers in Russia’s shadow fleet
  • Sanctions Gazprom Neft and Surgutneftegas
  • Senior Biden official says he expects sanctions to cost Russia upwards of billions of dollars per month
  • Expects Russia to make every effort to circumvent sanctions but costs of doing so will pile up
  • Sanctions also target dozens of traders, oil-field services and Russian energy officials

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

This article was written by Adam Button at www.forexlive.com.

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