US Imposes Major Sanctions on Russian Oil in Response to Ukraine Conflict

The US has imposed sanctions on Russia's largest oil companies, Rosneft and Lukoil, to pressure Moscow to end its war in Ukraine, marking the first such sanctions since Trump returned to office. The move aims to cut off revenue funding the Russian military effort, with coordinated actions from the UK and EU, including potential bans on Russian natural gas and financial dealings, signaling increased international pressure on Russia.