0:00 0:00 1x

This is read by an automated voice. Please report any issues or inconsistencies here .

Trump administration imposes sanctions on Russia’s two largest oil companies, Lukoil and Rosneft, together responsible for roughly half of Russia’s oil exports.

The sanctions, announced October 22 to pressure Moscow toward a Ukraine ceasefire, bar U.S. businesses from transactions and threaten secondary sanctions on foreign banks.

Lukoil plans to divest international assets, while the sanctions threaten the companies’ 60% share of India’s Russian crude oil imports.

FRANKFURT, Germany — Russian oil company Lukoil says it is selling its international assets in response to sanctions imposed by President Trump that aim to push Russia to agree to a ceasefire in its war against Ukrain

See Full Page