US unveils broad sanctions on Russian oil and LNG

• US sanctions more than 180 tankers in Russia’s shadow fleet
• Sanctions Gazprom Neft and Surgutneftegas
• Senior Biden official says he expects sanctions to cost Russia upwards of billions of dollars per month
• Expects Russia to make every effort to circumvent sanctions but costs of doing so will pile up
• Sanctions also target dozens of traders, oil-field services and Russian energy officials

This was leaked earlier and brent crude is up $2.73 to $79.65.

This article was written by Adam Button at www.forexlive.com.