US, EU, UK Sanctions Hit Russian Oil Giants Amid Ukraine War

European and American leaders have synchronized their efforts to impose new sanctions on Russia in response to the ongoing war in Ukraine. The European Union has introduced a nineteenth package of sanctions, including a complete halt to imports of Russian liquefied natural gas by 2026 and measures against oil tankers circumventing sanctions. The United States has targeted Russia's two largest oil companies, Rosneft and Lukoil, freezing their assets and banning US business dealings with them, aiming to cut off major revenue sources funding Russia's war efforts. UK Prime Minister Keir Starmer praised the US for joining the UK's substantial sanctions and called for an end to the bloodshed, urging Russian President Putin to pay for his aggression. President Donald Trump characterized the sanctions as "tremendous" and expressed hope that the war would be settled peacefully. These coordinated sanctions signify a robust international stance against Russia's military actions in Ukraine.