In an effort to intensify pressure on Russia due to its ongoing conflict in Ukraine, the Biden administration announced comprehensive sanctions targeting key sectors of Russia's oil and gas industries. Sanctions were imposed on major producers like Gazprom Neft and Surgutneftegas, along with 180 vessels linked to Russia’s oil exports. This move coincides with the incoming Trump administration, which questions the continuity of these sanctions. Both the U.S. and the U.K. seek to reduce Russia's energy revenues significantly, impacting their war efforts while potentially affecting global oil markets.