A 2025 U.S. Department of the Treasury analysis found that the benchmark Urals crude oil price fell by at least 21% following the announcement of new U.S. sanctions on Russian oil producers.
November 17, 2025
high
temporal
Result from a Treasury analysis assessing the market impact of U.S. sanctions on Russian oil producers.
A 2025 memo from the U.S. Treasury's Sanctions Economic Analysis Division found that several grades of Russian oil were trading at multi-year lows and were substantially below other international oil prices.
November 17, 2025
high
temporal
Assessment of relative pricing of Russian oil grades versus global benchmarks.