Treasury Secretary Scott Bessent announced new sanctions Wednesday against Russia's two biggest oil companies and blasted Moscow's refusal to end its "senseless war" in Ukraine, as the Trump administration struggles to strike a ceasefire deal and the Ukrainian president seeks more foreign military help.

The sanctions against Rosneft and Lukoil, as well as dozens of subsidiaries, followed months of bipartisan pressure on President Trump to hit Russia with harder sanctions on its oil industry.

"Now is the time to stop the killing and for an immediate ceasefire," Bessent said in a statement . Given Russian 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."

Bessent said the Treasur

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