The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest sanctions to date meant to cut off funding for Moscow’s war against Ukraine.

U.S. President Joe Biden's administration imposed its broadest package of sanctions so far targeting Russia's oil and gas revenues on Friday, in an effort to give Kyiv and Donald Trump's incoming team leverage to reach a deal for peace in Ukraine.

Ukraine's armed forces said Wednesday they attacked a strategic Russian oil depot overnight used to provide fuel for strategic bombers. A huge fire erupted at the Kombinat Kristall depot in the Russian city of Engels.