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.

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

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

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.

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

In its final days, the Biden administration is again cracking down on Russia over its war with Ukraine, targeting the country’s production and exports of oil. The U.S. Treasury Department unveiled new sweeping sanctions on Russia’s energy sector Friday in an effort to reduce Moscow’s revenue from oil that has continued to be shipped by

It’s not clear yet how President-elect Donald Trump, who has been skeptical of U.S. support for Ukraine, will approach the sanctions the Biden administration has imposed.