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New U.S. sanctions on Russia not expected to severely target energy sector -Politico

The logo of Russia’s oil company Rosneft is pictured at the Rosneft Vietnam office in Ho Chi Minh City, Vietnam.
(Maxim Shemetov/Reuters)

Reporting by Kanishka Singh, Reuters

BENGALURU
EnergiesNet.com 02 25 2022

New U.S. sanctions on Russia are not expected to severely target the energy sector, with Russian oil giant Rosneft (ROSN.MM) not likely to be a target of the new sanctions package, Politico reported on Thursday, citing sources.

The focus of the sanctions will be on financial institutions, Politico reported.

U.S. President Joe Biden said on Thursday G7 leaders had agreed to move forward on “devastating packages of sanctions” and other economic measures to hold Russia accountable for its invasion of Ukraine. 

Reporting by Kanishka Singh in Bengaluru from Reuters.

reuters.com 02 24 2002


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