US and EU increase pressure on Russian energy sector

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  Squeezing Russia's economy is tightening with sanctions from Europe and America.

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  It's World Business Express from the BBC World Service.

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  I'm Leanna Byrne.

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  We'll hear from India caught between cheap Russian oil and US pressure to cut back and we ask,

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  could these new sanctions push up fuel prices for the rest of us?

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  Yes,

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  fresh sanctions are hitting Russia's energy sector from both the European Union and the United States.

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  Now, if that all sounds familiar, it's because we've been here before.

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  And sanctions, they're basically financial penalties.

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  The goal is to squeeze the money Russia earns from energy imports.

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  There have already been more than a dozen rounds of sanctions since the war in Ukraine began.

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  But these ones are different.

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  Washington has, for the first time,

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  blacklisted Rosneft and Luke Oil, Russia's two largest largest oil producers.

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  Brussels is banning imports of Russian liquefied natural gas.

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  But will it work?

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  Here's former Russian Deputy Foreign Minister Andrei Felorov.

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  Now, Moscow says these sanctions are entirely counterproductive,

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  but Ukraine's President Vladimir Zelensky says they'll turn up the pressure on Vladimir Putin to end the war.

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