Britain imposed new sanctions on Russian oil majors Gazprom Neft and Surgutneftegaz SNGS.MM on Friday, in a move co-ordinated with the United States.

This news follows Ukraine’s decision to halt Russian gas transit as of Jan. 1, 2025, therefore dealing a major blow to Moscow, further crippling Gazprom’s dwindling exports to Europe. With TurkStream now the only remaining route for Russian gas deliveries to the EU,

Russian oil company Gazprom Neft, a subsidiary of the energy giant Gazprom, has been given 45 days to divest from its ownership of the Serbian oil company NIS following new US sanctions targeting the Russian oil sector.

In the capital of Transnistria, a Kremlin-backed microstate sandwiched between Moldova and Ukraine, the festive New Year’s lights have gone dark ahead of schedule. This separatist sliver of Moldova will run out of energy in three weeks,

(Reuters) - Moldovan President Maia Sandu visited areas hit by rolling power cuts on Thursday and blamed Russian gas giant Gazprom for the energy crisis gripping the country's Transdniestria pro-Russian separatist enclave. In Moscow, Kremlin spokesman Dmitry Peskov said Moldova and Ukraine were responsible for the heating and power shortages.

The United States and Britain on Friday announced sanctions against Russia's energy sector, including oil giant Gazprom Neft, just days before outgoing President Joe Biden leaves office.

Following new United States sanctions against Russia's oil sector, Gazprom Neft will be given 45 days to exit ownership of the Serbian oil company NIS , Serbian President Aleksandar Vucic said on Friday.

Biden administration officials say the sanctions are being imposed now because they are not likely to add to inflation

Good afternoon, and happy Friday, readers! In today’s Daily on Energy, Callie and Maydeen continue to cover the destructive fires burning throughout Los Angeles County. Our hearts go out to those who have lost their homes,

President Joe Biden’s administration announced Friday that it’s expanding sanctions against Russia’s critically important energy sector, unveiling a new effort

US Department of the Treasury and United Kingdom jointly targeted Russian Gazprom Neft and Surgutneftegas, marking the most comprehensive action yet against Russia's ability to profit from energy exports that fund its aggression in Ukraine.