Will Trump’s Oil Sanctions on Russia Hurt Putin and His Plans for Ukraine War?
Sanctions target Rosneft and Lukoil, responsible for 70% of Russia's crude exports, aiming to reduce wartime income and pressure Putin to negotiate peace in Ukraine.
- On Thursday, United States President Donald Trump imposed sweeping sanctions on Rosneft and Lukoil aimed at tightening financial pressure on President Vladimir Putin, compelling companies worldwide to cease dealings by November 21 and affecting 30 subsidiaries.
- The US Treasury framed the move as going further than past steps by targeting companies' international oil trade, while the Trump administration defended it as necessary despite earlier this year's 25% tariff on Indian exports.
- Rosneft and Lukoil together export about 3.1 million barrels daily, roughly 70 per cent of Russia's crude shipments, while CREA estimated Russia earned about �546 million per day in September 2025.
- The United Kingdom announced sanctions and estimated costs to Russia exceeding �28 billion, while Rosneft's net income for the first half of 2025 fell 6 per cent, and Lukoil's profits dropped nearly 27 per cent.
- Analysts warn the move could push buyers to Middle Eastern or African suppliers, China has so far avoided penalties, and Lithuania reported two Russian aircraft briefly entered its airspace on Thursday, prompting a NATO protest.
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Trump Administration Eyes More Sanctions on Russia, Pushes Europe to Step Up - Real News Now
The Trump administration has prepared a new round of sanctions targeting key sectors of Russia’s economy as pressure builds on Moscow to end its prolonged war in Ukraine, according to a U.S. official and another source familiar with the discussions. Officials in Washington have also told European allies they support the use of frozen Russian assets to help fund U.S.-made weapons for Ukraine. Internally, there have been early discussions about le…
US President Donald Trump announced the introduction of new sanctions against the two largest Russian oil companies. The move is aimed at increasing economic pressure on Moscow due to its aggression against Ukraine.
The US is imposing sanctions on Russian oil companies Rosneft and Lukoil. Markets are reacting promptly – there are losses. Putin's oil trade is fading.
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