The outgoing Democratic administration billed the new sanctions as the most significant to date against Moscow’s oil and liquefied natural gas sectors, the driver of Russia’s economy.

President Joe Biden on Sept. 28 warned oil and gas companies against increasing prices for consumers as Hurricane Ian neared landfall along Florida’s southwest coast.

President Joe Biden signed July 9 an executive order that the White House says will target anti-competitive practices in tech, health care and other parts of the economy while boosting workers’ wages and consumer protections.