The Trump administration is imposing additional sanctions on Russia's two largest oil companies and is calling on Moscow to agree to an immediate ceasefire in Ukraine.

"Now is the time to stop the killing and for an immediate ceasefire,” Secretary of the Treasury Scott Bessent said in a statement.. “Given President [Vladimir] Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund the Kremlin’s war machine. Treasury is prepared to take further action if necessary to support President Trump’s effort to end yet another war. We encourage our allies to join us in and adhere to these sanctions.”

The move comes after President Donald Trump said he was canceling an upcoming meeting with Putin because he didn't believe it would be successfu

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