US EditionPutin Adviser Says Trump Chose ‘Path of War’ with Oil Sanctions
The U.S. targets Rosneft and Lukoil, responsible for half of Russia's crude exports, aiming to cut war funding and force Moscow toward a ceasefire in Ukraine.
- On Thursday, the United States imposed sanctions targeting Rosneft and Lukoil and their subsidiaries, causing global oil prices to spike early.
- After a planned Ukraine peace summit collapsed, Treasury officials said the sanctions aim to cripple funding for Russia's war machine and follow United Kingdom sanctions last week and a European Union package on Wednesday.
- Market data show Brent Crude Futures rose more than 3.7% to nearly $65 and WTI futures climbed 3.9% to $60.76.
- Indian state refiners said they are reviewing purchases to avoid direct supplies from Rosneft and Lukoil, and Bloomberg reported Indian imports of Russian crude could drop to nearly zero.
- Analysts warned that despite the jump, Brent and WTI remain down 13.7 and 14.8 per cent over the last 12 months, while energy stocks like BP and Shell rose around 2.8.
133 Articles
133 Articles
VIDEO - For the first time since his return to the White House, Donald Trump hardens the tone against Moscow. The US President announced sanctions against the two largest Russian oil companies, Rosneft and Lukoil, accused of financing Vladimir Putin's war in Ukraine.
The Lukoil and Rosneft companies, which produce half of the Russian black gold, so far spared by the Republican administration, are targeted.
The director of Fatto Quotidiano, Marco Travaglio, intervenes in Otto e mezzo (La7) on the state of the conflict between Russia and Ukraine, in the light of the new US sanctions against Rosneft and Lukoil and the deterioration of the military situation on the eastern front. According to Travaglio and the director of Limes, Lucio Caracciolo, the United States decided no longer to make war on Russia. In particular, the director of the fact claims …
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