The US and its allies are preparing such sanctions against the Russian oil industry, designed to limit the price of Russian exports of petroleum products. This is reported by The Wall Street Journal.
In meetings across Europe this week, US Treasury officials discussed the details of upcoming sanctions on Russian oil products, which are set to take effect on February 5.
The sanctions will establish two price limits for Russian petroleum products: more expensive ones, such as diesel fuel, and cheaper ones, such as fuel oil.
The new limits come after the United States, the European Union and their G7 allies capped the export price of Russian crude at $60 a barrel last month.
The G7 countries intend to set two price limits for Russian oil products to take into account what is sold at higher prices than oil and what is sold at a discount.