Sanctions have choked Russia's oil industry, a key source of Kremlin funds, Treasury finds

A Treasury Department analysis indicates that new U.S. sanctions on Russian oil producers have sent prices there tumbling, choking off a key revenue source that Russia has used to fund its war in Ukraine.

  Economy   Nov 21, 2025   0   0  Add to Reading List
Sanctions have choked Russia's oil industry, a key source of Kremlin funds, Treasury finds
A Treasury Department analysis indicates that new U.S. sanctions on Russian oil producers have sent prices there tumbling, choking off a key revenue source that Russia has used to fund its war in Ukraine.
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