London: US President Donald Trump has authorised tough new sanctions on Russia’s biggest oil exporters in a sudden move to intensify pressure on the country after the collapse of an attempted summit to broker a ceasefire in Ukraine.

The move hardens American policy against Russian President Vladimir Putin by seeking to slash the export revenue that finances his policies, targeting exporters Lukoil and Rosneft as well as dozens of their subsidiaries.

Trump issued a short statement calling for an immediate ceasefire after US Treasury Secretary Scott Bessent announced the sanctions, which also target banks and other companies that support the Russian military and industrial base.

The move came hours after Putin staged a provocative missile launch in an attempt to prove his forces were rea

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