Washington : The United States imposed sweeping new sanctions on Russia’s largest oil producers on Wednesday, increasing economic pressure on Moscow as it carried out large scale nuclear drills during the ongoing war in Ukraine.
The US Treasury Department announced sanctions against state owned Rosneft and private oil major Lukoil, accusing them of helping to finance Russia’s military operations. The move is aimed at cutting off one of the Kremlin’s most important sources of revenue.
“Tougher measures are necessary to stop the killing and bring Russia to the negotiating table,” Treasury Secretary Scott Bessent said in a statement. President Donald Trump added that he “just felt it was time” to act more firmly, stressing that Washington still supports an immediate ceasefire.
The sancti