The United States on Wednesday imposed hundreds of sanctions targeting Russia in an action that seeks to increase pressure on Moscow in the final days of the Biden administration and protects some of the sanctions it has already imposed ahead of Donald Trump's second presidential term.

The Treasury Department on Wednesday announced sanctions connected with Russian secret payment channels created to skirt U.S. restrictions and a Kyrgyzstan financial institution that supports the Krem

A fresh wave of U.S. sanctions against Russia’s oil industry threatened to disrupt global supplies, sending crude prices to their highest in more than four months.

As part of the action, the Treasury imposed new curbs on almost 100 entities that were already under sanctions, potentially complicating any future efforts to remove the measures

The United States on Wednesday took fresh action targeting Russia over its invasion of Ukraine, taking aim at efforts to circumvent U.S. sanctions as Washington continues to increase pressure on Moscow in the final days of the Biden administration.

The outgoing US government has announced additional sanctions on Russia shortly before the end of President Joe Biden's term. The measures are directed against around 250 individuals and entities associated with the Russian defence industry,

The latest round of U.S. sanctions against Russia could significantly disrupt the country's oil supply chains, the International Energy Agency said in a monthly report on Wednesday, potentially tightening the global market.