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Trump's Russia U-Turn: US Blacklists Oil Giants Rosneft & Lukoil
Posted
October 23, 2025
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3:31Now PlayingOil surged after the US blacklisted Russia's state-run producers Rosneft and Lukoil, citing Moscow's lack of commitment to peace in Ukraine. The sanctions mark a U-turn for President Donald Trump, who only days ago had announced he would meet counterpart Vladimir Putin in the coming weeks and said repeatedly he believed Russia wanted to end the war. Bloomberg's Stuart Livingston-Wallace reports.
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