US sanctions two major Russian oil companies in bid to pressure Kremlin over Ukraine war
Secretary of the Treasury Scott Bessent said the action followed Russian President Vladimir Putinโs refusal to agree to a ceasefire with Ukraine. Bessent added that the US could take additional measures to help bring an end to 'yet another' war.
Washington: The United States on Wednesday imposed sanctions on Russiaโs two largest oil companies โ Rosneft and Lukoil โ in an effort to pressure the Kremlin into negotiating a truce with Ukraine. Announced by the US Department of the Treasury, the embargo is designed to undermine Russiaโs ability to fund its war efforts by targeting a key pillar of its…