US President Donald Trump’s sanctions on two of Russia’s biggest oil majors - Rosneft and Lukoil - come into effect today - November 21, 2025 which was set as the wind-down deadline by the US Treasury Department. Will the move finally get Trump what he wants - that India stops buying oil from Russia? The Trump administration announced sanctions on Open Joint Stock Company Rosneft Oil Company (Rosneft) and Lukoil OAO (Lukoil), alleging that their financial contributions support Moscow's military operations in Ukraine. The European Union has also implemented restrictions prohibiting the purchase of petroleum products that are derived from Russian crude oil, which begin from January 2026. Trump has imposed a 25% penal tariff on Indian exports in lieu of its crude oil imports from Russi

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