In a significant move to stifle Russian funding amidst ongoing conflicts, the Biden administration has announced a new round of extensive sanctions targeting the Russian oil industry. More than 180 vessels, oil traders, and companies are being sanctioned as part of this initiative, aimed at curtailing oil sales, particularly to China and India. The measures have triggered a sharp rise in oil prices, reflecting market concerns over limited supplies. As the Biden era approaches its end, these sanctions represent one of the harshest actions taken against Russia, while raising questions about their future under the incoming administration.