US, EU Impose Sanctions on Russian Oil Giants Amid Ukraine Conflict

President Donald Trump imposed significant sanctions on Russia's two largest oil companies, Rosneft and Lukoil, marking a major shift in his administration's policy after months of restraint. The sanctions freeze all U.S. assets of these companies and ban American firms from dealings with them, aiming to pressure Moscow to halt its war in Ukraine amid stalled peace talks. The European Union complemented the sanctions by accelerating a ban on Russian liquefied natural gas imports and targeting Moscow's shadow fleet. Russian officials condemned the sanctions as counterproductive and vowed to strengthen their economy despite the penalties. Trump expressed frustration over failed negotiations with President Vladimir Putin and hopes the sanctions will prompt a ceasefire, though the move risks straining relations with major Russian oil buyers like China and India. Ukraine's leadership welcomed the sanctions as a strong push against aggression while the global community watches how these economic measures impact the ongoing conflict.