President Biden is reportedly considering new sanctions on the Russian energy sector before his term ends, a move which could affect gas prices.

President Joe Biden is considering imposing stringent last-minute sanctions on Russia’s energy sector in the final weeks of his term, according to people familiar with his plans. The rumored measures were reported on Christmas Eve and would aim to cripple the so-called “dark fleet” of ships transporting Russian oil to non-Western nations and target exporters who have thus far evaded penalties,

US President Joe Biden is reportedly considering the implementation of new sweeping sanctions against Russia. They may affect the energy sector, according to The Washington Post. According to the WP's sources,

Russian companies are using bitcoin to evade Western sanctions, thanks to a new law, the country's Finance Minister Anton Siluanov confirmed in a television interview. Why it matters: Russia's economy has been hampered by difficulties in making and receiving international payments,