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US Targets Russia’s Oil Giants With Sanctions In Showdown Between Trump And Putin
Posted
October 24, 2025
Views
1,399
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25
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October 24, 2025
1,399
25
1.79%
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6:06Now PlayingThe United States imposed sweeping sanctions on Russia's two largest oil companies, Rosneft and Lukoil, on Thursday, in what President Donald Trump called his most significant economic action yet to pressure Moscow into ending the war in Ukraine. The move, which blacklists over 30 subsidiaries spanning operations from Siberian oil fields to Kaliningrad refineries, came after Trump cancelled a planned meeting with Russian President Vladimir Putin, citing unproductive negotiations. Treasury Secretary Scott Bessent said the sanctions target "the Kremlin's war machine" and called for an immediate ceasefire. NATO Secretary General Mark Rutte backed the measures, saying sustained economic pressure could bring Putin to the negotiating table. Trump also ruled out providing Ukraine with Tomahawk missiles, calling them too complex to deploy. The European Union and Britain announced parallel energy sanctions hours later, raising concerns about potential global energy market disruptions.
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