WASHINGTON —

The United States and European Union have announced new sanctions against Russia's oil industry as part of efforts to pressure Russia to end the war in Ukraine.

The European Union agreed to the new sanctions this morning, aiming to move closer to lasting peace in the region. " We’re keeping the pressure high on the aggressor ," said European Commission President Ursula von der Leyen . "For the first time we are hitting Russia’s gas sector — the heart of its war economy."

The U.S. Treasury Department has targeted two major Russian oil companies , Rosneft and Lukoil , cutting off their access to any money or property in the United States. This move is significant because Russia uses its oil industry to fund the war in Ukraine.

For months, President Donald Tru

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