On Jan. 10, the U.S. Treasury announced fresh measures to deplete Russia's energy revenues, including on 183 vessels, largely oil tankers.

Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest sanctions targeting Russia and a larger than forecast fall in U.S. crude stocks.

Russian seaborne oil exports may decrease in the coming weeks after the United States imposed sanctions on two of Russia’s largest exporters and about 160 tankers in the shadow fleet, Bloomberg reports.

The United States on Wednesday imposed hundreds of sanctions targeting Russia in an action that seeks to increase pressure on Moscow in the final days of the Biden administration and protects some of the sanctions it has already imposed ahead of Donald Trump's second presidential term.

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

The US Treasury Department announced new sanctions against Russia. The list includes, among others, the Zaporizhzhia Nuclear Power Plant and the Federal Service for Military-Technical Cooperation of the Russian Federation,