WASHINGTON - The United States and Europe kicked off a joint effort on July 29 intended to curb Russia's long-term ability to develop new oil resources, taking aim at the Kremlin's premier source of wealth and power in retaliation for its intervention in Ukraine.
Russia's War Against Ukraine
New York Times: Coordinated sanctions aim at Russia’s ability to tap its oil reserves
The growth of the oil industry has powered Russian economic and geopolitical resurgence since the collapse of the Soviet Union.
