US President Donald Trump on Wednesday announced new sanctions on Russian oil companies Lukoil and Rosneft — his first action related to the Ukraine conflict in his second term — showing a change in Washington’s approach towards Moscow as tensions with President Vladimir Putin continue to rise.
The move came after EU countries on Wednesday approved a 19th package of sanctions on Moscow for its war against Ukraine that included a ban on Russian liquefied natural gas imports. Trump’s measures also followed Britain’s sanctioning last week of Rosneft and Lukoil.
The US Treasury Department said it was prepared to take further action as it called on Moscow to agree immediately to a ceasefire in Russia’s war in Ukraine, which began in February 2022.
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