For the first time in his second term, US President Donald Trump has imposed new sanctions on Russia, targeting its two largest oil companies, in his latest bid to end the conflict in Ukraine.

The US Treasury Department targeted Russian companies — Rosneft and Lukoil, and their subsidiaries, warning that a future action could not be ruled out.

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While meeting NATO Secretary General Mark Rutte at the White House, Trump said he hoped that the “war will be settled”.

“These are tremendous sanctions. These are very big against their two big oil companies. And we hope that they won’t be on for long. We hope that the war will be settled,” he added.

Trump also noted his previous conversations with Russian President Vladimir Putin had not led to any breakthroughs.

“Every time I sp

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