Show Quick Read Summary is AI-generated, newsroom-reviewed

US Sanctions I Russia: The United States has imposed sanctions on two major Russian oil companies, citing their “lack of serious commitment to peace in Ukraine,” as President Donald Trump noted that conversations with Russian President Vladimir Putin were “good” but did “not go anywhere.”

In an attempt to end the ongoing Russia-Ukraine conflict, United States has imposed sanctions on two Russian oil giants to increase pressure on Kremlin's energy sector and degrade the Kremlin’s ability to raise revenue for its war machine and support its weakened economy".

The US Department of the Treasury's sanction impact Russian oil companies Open Joint Stock Company Rosneft Oil Company (Rosneft) and Lukoil OAO (Lukoil), which are now desi

See Full Page