Reported about 2 months ago
The US has intensified sanctions on Russia by ending a license that allowed certain payments for energy, as it seeks to negotiate a ceasefire with President Putin's administration regarding the Ukraine conflict. This sanction, effective as of March 12, aims to disrupt Russia's oil and gas revenue streams. Treasury Secretary Scott Bessent indicated that they are prepared to implement further sanctions to pressure Russia into negotiations, although the actual impact of this measure remains uncertain.
Source: YAHOO