Ukrainian President Volodymyr Zelensky said he believed the sanctions would “significantly reduce Russia’s petrodollar revenues.”

US imposes ‘comprehensive’ sanctions on Russian energy sector as Washington seeks to block Moscow’s funding war in ukraine.

this sanctions Crackdowns on Friday targeted two of Russia’s main oil producers and 183 vessels that help transport gasoline, as well as 80 individuals and entities involved in the production and export of Russian liquefied natural gas (LNG).

Companies targeted include Russia’s two largest oil companies, Gazprom Neft and Surgutneftegas.

“The United States is taking comprehensive action against Russia’s primary source of revenue to fund its brutal and illegal war in Ukraine,” U.S. Treasury Secretary Janet Yellen said in a statement.

Britain issued similar sanctions on Thursday. The British government said in a statement: “Every blow we take against Russian oil revenues is another step towards a just and sustainable peace in Ukraine, and towards security and prosperity in the UK and beyond. “

For its part, the U.S. State Department has targeted Russia’s LNG industry.

The sanctions freeze the assets of U.S. companies and individuals and make it largely illegal for U.S. citizens to engage in financial transactions with them. Friday’s measures also expand secondary penalties for those who help Russia evade sanctions.

“These actions significantly increase the risk of sanctions associated with trade in Russian oil,” the U.S. Treasury Department said.

An unnamed U.S. official quoted by Reuters said the logic of the sanctions “is to hit every stage of the Russian oil production and distribution chain.”

The official added that if the measures were fully implemented, Russia would lose billions of dollars every month.

Sanctions were imposed 10 days before the president was elected Donald TrumpA president takes office promising to help end the war in Ukraine.

Trump said earlier this week that he was ready to meet with Russian President Vladimir Putin.

“He wants to meet and we are making arrangements.” trump said before meeting with the Republican governor at his Mar-a-Lago resort on Thursday.

Since Russia’s full-scale invasion of Ukraine in February 2022, the United States has been imposing sanctions on the Russian economy.

Washington and its Western allies have also provided dozens of billions of dollars Providing military and financial aid to Kyiv to help sustain the war effort in Ukraine.

I appreciate it @President of the United Stateshis administration, and the American people as a whole today announced a new sanctions package targeting more than 400 entities related to the Russian energy industry. Bipartisan support in the United States is indeed important, and we feel deeply about it.

These…

— Vladimir Zelensky/Vladimir Zelensky (@ZelenskyyUa) January 10, 2025

Ukraine has been struggling to regain territory captured by Russian forces in its east after resisting Russia’s advance on Kiev early in the war, which turned into a long and bloody conflict.

president of ukraine Vladimir Zelensky Friday’s sanctions are welcome.

“Energy resources should never be used as weapons, as Russia is doing. Countries that respect international law can and should ensure stable and reliable energy supplies around the world,” Zelensky wrote in a social media post.

“We are deeply grateful for the U.S. leadership in holding Russia accountable. I believe these measures will significantly reduce Russia’s petrodollar revenues and, subsequently, its ability to continue its aggression.”