US EditionUS Sanctions on Big Russian Oil Firms Are Having Their Intended Effect, Treasury Official Says
Major Indian and Chinese buyers canceled or paused Russian oil purchases, causing prices to fall to multiyear lows, as U.S. sanctions on Rosneft and Lukoil take effect.
- On Friday major Indian and Chinese buyers moved to comply before the deadline, pushing Russian oil prices to multiyear lows as companies wind down ties with Rosneft and Lukoil.
- Sanctions announced earlier aim to force President Vladimir Putin to the negotiating table and end the war, driven by Volodymyr Zelenskyy, Ukraine's president, and bipartisan U.S. lawmakers pressing for tougher oil sanctions.
- Foreign governments and private-sector companies sought guidance from U.S. officials while buyers told officials they planned to cancel or pause forward purchases due to sanctions, a senior Treasury Department official said.
- Despite signs of impact, diplomacy has not advanced as the Trump administration sees sanctions crimping Moscow's economic engine while President Donald Trump expresses frustration at Putin's stance.
- Meanwhile, the United States promotes penalties as President Trump's envoy Steve Witkoff advances the peace plan calling for concessions from Ukraine's leadership.
18 Articles
18 Articles
Greece's Fleet Retreats From Russian Crude
Only three of the 65 Russian crude cargoes loaded between November 1 and 16 were carried on Greek-owned ships. File photo. Credit: Gillian Moy, CC2/Wikipedia The volume of Greece-owned tankers loading Russian crude has plunged to its lowest level since the invasion of Ukraine. This drastic and immediate withdrawal reflects widespread market disruption and caution ahead of a critical US sanctions enforcement deadline targeting major Russian produ…
Europe will pay for the Ukrainian Armed Forces attacks and US sanctions on gas stations: EADaily
EADaily, November 21st, 2025. The price of diesel fuel in Europe has risen to a maximum since July 2024. Stop exporting from Russia and US sanctions against Russian companies have become one of the reasons for the decline in the supply of petroleum products to Europe.
Just over three million barrels of oil a day, almost half of Russia’s total exports, virtually without owner. From one day to the next. The entry into force this Friday of the oil sanctions put on the market by Russia’s two largest oil companies, Rosneft and Lukoil, makes it difficult to bring about a major reconfiguration in global fossil fuel flows. China and India, the first and second Russian crude customers since Vladimir Putin opted to inv…
By FATIMA HUSSEIN WASHINGTON (AP) — The Trump administration says it is seeing signs that its sanctions on top Russian oil producers are hurting the economic engine that has allowed Moscow to continue funding its war in Ukraine. Russian oil prices have plummeted as top buyers India and China moved to comply with the sanctions before Friday’s deadline for companies and banks to reduce their business with Russian oil giants Rosneft and Lukoil, a s…
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