Russia faces higher costs on sea-borne oil exports due to new US sanctions
January 13, 2025
(Investing) – MOSCOW – Sweeping U.S. sanctions on Russia’s oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to restrictions on tankers, analysts and traders said on Monday. U.S. President Joe Biden’s administration unveiled the measures targeting Russia’s oil and gas revenues on Friday, in an effort to give Kyiv and
