US Imposes Sanctions on Russia's Rosneft and Lukoil Over Ukraine Conflict

President Donald Trump has imposed significant sanctions on Russia's two largest oil companies, Rosneft and Lukoil, aiming to pressure the Kremlin to end its war in Ukraine. These sanctions mark a notable escalation in US policy, targeting key entities that fund Russia's war machine, with Treasury Secretary Scott Bessent urging allies to adopt similar measures. The move reflects mounting frustration with Russian President Vladimir Putin's unwillingness to negotiate a ceasefire, as Trump criticized the ongoing conflict and highlighted the heavy troop casualties. The sanctions freeze the companies' assets in the US and restrict financial transactions, signaling a willingness for further action if necessary. Additionally, Trump has been reported to have lifted certain restrictions on Ukraine's use of long-range missiles inside Russia, although he publicly disputed this claim. Overall, the sanctions represent a sharp shift in US strategy, emphasizing economic pressure to support peace efforts while the global energy markets react to the potential disruptions.