"That we are targeting Russian oil companies will drain Russia's war chest and every ruble we take from Putin will save lives in Ukraine", said British Foreign Minister David Lammy when the sanctions were tightened on Friday.
Outgoing US President Joe Biden, whose successor Donald Trump will determine the future of the sanctions, claims that the extended sanctions are a tough blow to Russia's President.
Putin is now heavily pressured and it is very important that he is not given breathing room to continue with the terrible things he is doing, said Biden to reporters at the White House.
Biden added that he sees a clear chance for Ukraine to hold out against Russia if the West continues to support the country.
