Overview

• President Joe Biden is reportedly weighing new sanctions on Russia's 'dark fleet' of tankers used to transport oil to non-Western nations.
• The sanctions under consideration include blacklisting additional Russian oil exporters and revoking licenses for banks processing energy-related transactions.
• Officials suggest the measures could reduce Russia's energy export revenues by double digits within six to twelve months if implemented.
• The move is seen as a final effort to undermine Vladimir Putin's war funding and provide leverage for President-elect Donald Trump in future negotiations with Russia.
• Biden's administration sees this as an opportunity to leave a lasting mark on U.S. foreign policy, with global oil price stability enabling tougher actions.