Washington now has freer hand in restricting Russian oil amid predictions of a global glut.

The Biden administration is cracking down on the Russian “shadow fleet” and taking steps to curb oil and gas production.

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.Ukrainian President Volodymyr Zelensky on Friday praised the United States for introducing the sanctions.

The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil producers and nearly 200 tanker ships.

The Group of Seven democracies have sought to crimp Russia’s oil export earnings that help fund the war against Ukraine.

President Joe Biden's administration says it's expanding sanctions against Russia's critically important energy sector over its war in Ukraine

The U.S. and Japan Friday imposed new sanctions on Russia, in moves designed to constrain Russia’s ability to continue funding its war on Ukraine. The U.S. sanctions, imposed through the Treasury Department and announced simultaneously through the State Department and the White House,

Biden administration announces expanded sanctions on Russia's energy sector as Trump prepares to address Ukraine conflict

The steps come as the Biden administration was also readying $500 million in new military aid for Ukraine on Thursday that was set to include air defense missiles, air-to-ground munitions and support equipment for F-16 fighter jets,