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The US is tightening its grip on one of the key pillars of Russia's economy

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US joins UK in imposing wider-sweeping sanctions against Russia 's oil industry.

Sanctions include blocking Gazprom Neft and Surgutneftegas , two of Russia 's largest oil producers.

Oil and gas revenue makes up a big chunk of the nation's war budget.

Russia 's total energy revenue plummeted by nearly a quarter in 2023 , data from Russia 's finance ministry shows.