President Joe Biden's administration announced Friday that it's expanding sanctions against Russia's critically important energy sector, unveiling a new effort to inflict pain on Moscow for its nearly 3-year-old war in Ukraine as President-elect Donald Trump gets set to return to office vowing to quickly end the conflict.

The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia's oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine.

The U.S. Treasury on Friday announced sweeping new sanctions against the Russian energy sector, including oil majors Gazprom Neft and Surgutneftegaz , to try to hinder Moscow in its war with Ukraine.

(Reuters) - The U.S. Treasury on Friday announced sweeping new sanctions against the Russian energy sector, including oil majors Gazprom Neft and Surgutneftegaz, to try to hinder Moscow in its war with Ukraine. Britain also joined the sanctions against those two companies, the U.S. Treasury said.

The sanctions target two major oil producers, liquefied natural gas production and elements of Russia’s so-called “dark fleet” of tankers used to carry oil to non-western bu

Biden administration announces expanded sanctions on Russia's energy sector as Trump prepares to address Ukraine conflict

The Biden administration announced Friday it was imposing what it billed as the most significant sanctions to date on the Russian energy sector, targeting Moscow’s oil and liquified natural gas (LNG) exports just weeks before leaving office.

With just ten days left until President-elect Trump takes office, President Biden has imposed today the most significant sanctions to date on Russia’s energy sector, targeting key players in the Kremlin’s oil revenues.