US plans more sanctions on tankers carrying Russian oil, sources say

News Department
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The Biden administration plans to impose more sanctions on Russia over the war in Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude, two sources with knowledge of the matter said, Report informs via Reuters.

President Joe Biden's administration has sought to shore up support for Ukraine before President-elect Donald Trump takes office on January 20 given the Republican leader's frequent complaints about the cost of US support for Ukraine.

It is unclear what Trump's approach to sanctions on Russia will be.

The Biden administration is planning sanctions targeting tankers that carry Russian oil sold above the West's $60 per barrel price cap, the sources said.

Russia has used this so-called shadow fleet of aging ships to evade the cap. Many of the ships are less safe and prone to spilling oil, shipping experts say.

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