US Imposes New Sanctions on Russian Oil Amid Rising Oil Prices and Diplomatic Tensions
TL;DR Summary
The US Treasury has imposed sanctions on Russia's two largest oil companies, Rosneft and Lukoil, along with their subsidiaries, to pressure Russia to cease its war in Ukraine and to weaken its ability to fund the conflict, calling for an immediate ceasefire and emphasizing continued support for peace negotiations.
- Treasury Sanctions Major Russian Oil Companies, Calls on Moscow to Immediately Agree to Ceasefire U.S. Department of the Treasury (.gov)
- Bessent says US will soon announce ‘substantial pickup in Russia sanctions’ CNN
- Oil rises about 2% on higher US demand, trade talk optimism Reuters
- US to announce 'substantial' Russia sanctions BBC
- Senate Foreign Relations to pass three Russia pressure bills Axios
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