403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
US enforces new sanctions on Russia’s two largest oil companies
(MENAFN) According to reports, the United States has announced fresh sanctions against Russia’s two largest oil companies, Rosneft and Lukoil, citing Moscow’s “lack of serious commitment” to a peace process aimed at ending the war in Ukraine.
The US Treasury Department explained that the measures are intended to target Russia’s energy sector in order to “degrade the Kremlin’s ability to raise revenue for its war machine” and to “support its weakened economy.”
“Now is the time to stop the killing and for an immediate ceasefire,” Treasury Secretary Scott Bessent stated. “Given (Russian) President (Vladimir) Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund the Kremlin’s war machine. Treasury is prepared to take further action if necessary to support (US) President (Donald) Trump’s effort to end yet another war.”
The sanctions were announced just one day after a White House official confirmed that a second planned meeting between Trump and Putin had been postponed. Trump had initially indicated on October 16 that the summit would occur within two weeks. While the reasons for the cancellation were not immediately clear, it followed Moscow’s rejection of an immediate ceasefire in Ukraine requested by the US president.
The US Treasury Department explained that the measures are intended to target Russia’s energy sector in order to “degrade the Kremlin’s ability to raise revenue for its war machine” and to “support its weakened economy.”
“Now is the time to stop the killing and for an immediate ceasefire,” Treasury Secretary Scott Bessent stated. “Given (Russian) President (Vladimir) Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund the Kremlin’s war machine. Treasury is prepared to take further action if necessary to support (US) President (Donald) Trump’s effort to end yet another war.”
The sanctions were announced just one day after a White House official confirmed that a second planned meeting between Trump and Putin had been postponed. Trump had initially indicated on October 16 that the summit would occur within two weeks. While the reasons for the cancellation were not immediately clear, it followed Moscow’s rejection of an immediate ceasefire in Ukraine requested by the US president.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
Comments
No comment