Official announcements from the U.S. Treasury or State Departments

Congress Urges Stricter Sanctions on Russian Oil Services Industry, Cites $17.5 Million Imports: FT

Oct 20, 2024, 06:02 AM

A bipartisan coalition in Congress is urging the Biden administration to implement stricter sanctions on Russia's oilfield services industry, according to FT. Lawmakers are concerned that current measures allow the American company SLB to assist in financing Russia's invasion of Ukraine. They have demanded explanations from the Treasury and State Departments regarding SLB's import activities, including $17.5 million worth of goods.