Days after canceling a planned summit with Putin, citing a lack of progress toward ending the war in Ukraine, Trump took a major step by effectively blacklisting Rosneft and Lukoil.

U.S. President Donald Trump has done a turnaround on sanctions against Russia, taking aim at Russia's two biggest oil companies and the billions of dollars they reap for Moscow's war against Ukraine

White House Press Secretary Karoline Leavitt explained at a Thursday briefing that the US imposed sanctions on Russia's oil sector due to Russia's lack of interest in peace. Details: According to Leavitt,

Friendly calls, offers to meet, the prospect of post-war deals—none has tempted the Russian leader into a peace agreement. On October 22nd the American president snapped. In his first serious economic barrage against Russia since returning to the White House,

The US has imposed sanctions on Russia's largest oil companies, Rosneft and Lukoil, in response to Russia's ongoing war in Ukraine, aiming to cut off funding for the

The effectiveness of US sanctions against Russian oil companies Rosneft and Lukoil depends on their enforcement by major importers India and China, according to an international trade expert in Berlin.