US EditionTrump administration sanctions big Russian oil companies, presses for Ukraine ceasefire
- On Wednesday, the United States announced sanctions on Rosneft and Lukoil, targeting Russia's two largest oil companies as a major policy step.
- President Trump, frustrated by collapsed meeting plans with Vladimir Putin, pushed for penalties after delaying energy sanctions and canceling the Budapest summit following Russia's attacks on Ukraine.
- The Treasury detailed the restrictions, freezing all Rosneft and Lukoil assets in the US and barring US firms from business with them and almost three dozen subsidiaries.
- The US urged allies to join sanctions after Bessent said, `Given President Putin's refusal to end this senseless war, Treasury is sanctioning Russia's two largest oil companies that fund the Kremlin's war machine`,
- Longer term, the sanctions' effect depends on implementation and potential secondary measures, with analysts saying this marks a pivotal shift by the Trump administration in the Russia-Ukraine war.
589 Articles
589 Articles
Oil Sanctions: A Global Power Play
Oil Sanctions: A Global Power Play In an escalating diplomatic conflict, the United States has targeted Russia's oil giants, Rosneft and Lukoil, with sanctions in a bid to pressure President Vladimir Putin to end the ongoing war in Ukraine. This move has triggered a 5% surge in global oil prices and caused Chinese and Indian refiners to pause Russian oil purchases.These sanctions mark a significant policy reversal for U.S. President Donald Trump…
U.S. consumers may pay more at the pump after sanctions on Russian oil companies
Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in an attempt to get Russian President Vladimir Putin to the negotiating table and end Moscow’s brutal war on Ukraine. U.S. benchmark crude jumped 5.8%, to $61.91 per barrel midday Thursday, and analysts say if the situation remains static, U.S. consumers will soon be paying more at the pump. Patrick De Haan, head of petroleum analysis for GasBuddy…
Trump sanctions Russian oil. His position on ending the war remains fluid.
U.S. sanctions on Russia’s largest oil companies place new pressure on President Vladimir Putin. But, evidenced by President Donald Trump’s frequently shifting positions, it’s still unclear where he will land on how to end the war in Ukraine.
Will US Sanctions On Russian Oil Slow The Kremlin's War On Ukraine?
Russian oil has been a prime cash source for the Kremlin's war in Ukraine. So will the newly announced US sanctions against Russian energy giants LUKoil and Rosneft have an effect on Vladimir Putin's war chest? US President Donald Trump, announcing his first set of sanctions on Russia since his reelection, says both companies' US assets will be frozen. Also, American companies will be barred from doing business with them and foreign financial in…
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