US imposes sweeping new sanctions on Russia's oil industry

Treasury Department targets oil producers, services providers, traders and ‘shadow fleet’

US Treasury Secretary Janet Yellen speaks during a visit to the Financial Crimes Enforcement Network (FinCEN) in Vienna, Va., on 8 January 2024.
US Treasury Secretary Janet Yellen speaks during a visit to the Financial Crimes Enforcement Network (FinCEN) in Vienna, Va., on 8 January 2024.Photo: AP/SCANPIX
Published 10 January 2025, 15:55Updated 10 January 2025, 19:26
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