President Donald Trump on Wednesday slapped Ukraine-related sanctions on Russia’s top oil giants, Lukoil and Rosneft, marking his administration’s sharpest shift yet in confronting the Kremlin over its ongoing war in Ukraine.

The move, announced by the U.S. Treasury Department, signals escalating frustration in Washington as the war drags into its fourth year. Trump, who had previously avoided direct sanctions on Russia’s energy sector, is now targeting the lifeblood of the Kremlin’s wartime economy. Advertisement

“Given President 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 Secretary Scott Bessent said. He urged allies to adopt similar measures.

This marks the first time Trump has u

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