US and EU target Russian oil companies funding the war in Ukraine

(Alamy/PA)

The US and the EU are hitting Russia with another round of sanctions, aiming to cut into oil and gas export earnings that fund Moscow’s war against Ukraine.

More than three and a half years into the war, the effort remains a cat-and-mouse game, with Russia finding new ways to get around sanctions, and Washington and Brussels adding new ones and looking for ways to plug enforcement gaps.