US Prepares New Sanctions on Russia Amid Ukraine Conflict

1 min read
Source: CNBC
US Prepares New Sanctions on Russia Amid Ukraine Conflict
Photo: CNBC
TL;DR Summary

The Trump administration imposed sanctions on Russia's largest oil companies, Rosneft and Lukoil, to pressure Russia to cease its war in Ukraine, citing lack of progress in peace efforts and aiming to weaken Russia's revenue sources for the conflict.

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