US and EU finalize new sanctions targeting Russian oil and gas exports

The United States and the European Union have agreed on a new sanctions package aimed at Russian oil and gas exports, according to officials cited Saturday. The measures are set to take effect next month and are part of a broader effort to tighten economic pressure on Moscow.

The coordinated move follows months of discussion between Washington and Brussels over how to limit revenue tied to Russia’s energy sector. Officials said the package is designed to target export channels and raise the cost of selling Russian fossil fuels abroad.

Energy exports remain one of the Kremlin’s most important sources of income, and Western governments have repeatedly sought to reduce that flow since Russia’s full-scale invasion of Ukraine. The latest restrictions are expected to add another layer of pressure, though the impact will likely depend on enforcement and market conditions.

The announcement reflects continued transatlantic alignment on Russia policy, even as both sides weigh the economic consequences for global energy markets and their own consumers.