Biden's sanctions on Russia don't take aim at the country's massive energy exports, reflecting delicate White House efforts to squeeze Vladimir Putin without spurring even greater global energy price spikes.
Photo Illustration: Shoshana Gordon/Axios. Photos: Alexei Druzhinin , Alex Wong/Getty Images
"The West has so far refrained from curtailing Russia's ability to market energy supplies...highlighting elevated concern about a price shock amid an extremely tight inventory situation and limited spare capacity," Barclays analyst Amarpreet Singh said in a note. But U.S. officials emphasized that they're not looking to crimp energy exports from Russia — Europe's largest gas and oil supplier — for now.
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