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.
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621 Articles
Will Trump’s new sanctions finally force Putin’s hand?
It’s been a tumultuous couple of weeks for US-Russia relations.Two weeks ago, US President Donald Trump was considering handing Tomahawk missiles to Ukraine, which would allow Kyiv to strike deep into Russian territory. But, following a phone call with Russian President Vladimir Putin on Oct. 16, Trump decided to chop the Tomahawk plan, and announced a meeting with his Russian counterpart.That quickly fell apart, though – reportedly because nego…
At first it was said that US President Donald Trump was ready for a new meeting with Vladimir Putin. But then everything changed. What happened these days.
In a surprising step, the US imposes sanctions on Russia. Kremlin chief Vladimir Putin claims, as usual, that such measures have no consequences - even though his country is already suffering from various sanctions. Now Donald Trump responds to the statements.
Donald Trump said that the impact of his sanctions against Russia could be seen in six months.
Will see in 6 months how it works out: Trump's response to Putin's criticism of sanctions on Russian oil companies
When asked about the Russian President criticising the sanctions, President Trump told presspersons in the White House, "I am glad he feels that way. I'll let you know about it in six months from now. Let's see how it all works out."
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