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White House Vows to Avoid Future Sanctions on Russian Crude Oil

  • Strategy aims to maximize pain on Putin, avoid fallout in U.S.
  • Hands-off-crude sanctions tactic calmed oil markets Friday

The Biden administration won’t sanction Russian crude oil because that would harm U.S. consumers and not Vladimir Putin, a U.S. State Department official said Friday.

“The sanctions will not target the oil flows as we go forward,” Amos Hochstein, the State Department’s senior energy security adviser, said in an interview on Bloomberg Television.