{"id":13361,"date":"2025-10-23T14:18:56","date_gmt":"2025-10-23T06:18:56","guid":{"rendered":"https:\/\/tingchao.xyz\/?p=13361"},"modified":"2025-10-23T14:19:00","modified_gmt":"2025-10-23T06:19:00","slug":"u-s-sanctions-russias-two-largest-oil-companies","status":"publish","type":"post","link":"https:\/\/tingchao.xyz\/?p=13361","title":{"rendered":"U.S. sanctions Russia’s two largest oil companies"},"content":{"rendered":"\n
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The Treasury Department announced new sanctions targeting Russia\u2019s oil sector Wednesday, the day after President Donald Trump confirmed that a planned meeting with Russian President Vladimir Putin to discuss Russia’s war with Ukraine was off.<\/p>\n\n\n\n

\u201cNow is the time to stop the killing and for an immediate ceasefire,\u201d Treasury Secretary Scott Bessent said in a statement. \u201cGiven President Putin\u2019s refusal to end this senseless war, Treasury is sanctioning Russia\u2019s two largest oil companies that fund the Kremlin\u2019s war machine. Treasury is prepared to take further action if necessary to support President Trump\u2019s effort to end yet another war. We encourage our allies to join us in and adhere to these sanctions.\u201d<\/p>\n\n\n\n

The two companies being sanctioned are Rosneft and Lukoil, along with some of their subsidiaries, the statement said.<\/p>\n\n\n\n

Despite the war and the battered Russian economy, Rosneft and Lukoil are worth more than $50 billion each and are two of the biggest companies listed on the Moscow Stock Exchange.<\/p>\n\n\n\n

Trump told reporters Wednesday that it was the appropriate time to use sanctions to try to end the war.<\/p>\n\n\n\n

“I just felt it was time. Waited a long time,” Trump said.<\/p>\n\n\n\n

He added: “These are tremendous sanctions. These are very big; these are against their two big oil companies. And we hope that they won\u2019t be on for long. We hope that the war will be settled.”<\/p>\n\n\n\n

Trump also said he hoped both Putin and Ukrainian President Volodymyr Zelenskyy would be “reasonable” and put aside their hatred for each other to resolve the conflict.<\/p>\n\n\n\n

Ukraine’s ambassador to the United States, Olga Stefanishyna, signaled her strong support for the new sanctions Wednesday. “The decision is fully aligned with Ukraine\u2019s consistent position: peace is possible only through strength and pressure on the aggressor using all available international tools,” she posted on X.<\/p>\n\n\n\n

Last week, it appeared that relations between Washington and Moscow were warming after Trump held a call with Putin on Thursday and after Trump did not approve Zelenskyy’s request for long-range Tomahawk missiles in a meeting Friday.<\/p>\n\n\n\n

Trump\u2019s latest peace push hit a roadblock during a call between Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov, according to senior figures on both sides.<\/p>\n\n\n\n

Lavrov became \u201cexercised\u201d during the call, a Trump administration official told NBC News. He reiterated Russia\u2019s refusal to agree to an immediate ceasefire before talks begin, a key demand of Kyiv and Europe that the United States has backed.<\/p>\n\n\n\n

“We canceled the meeting with President Putin. It just, it didn\u2019t feel right to meet. It didn\u2019t feel like we were going to get to the place we have to get. So I canceled it, but we\u2019ll do it in the future,” Trump said Wednesday.<\/p>\n\n\n\n

He added: “Every time I speak with Vladimir, I have good conversations, and then they don\u2019t go anywhere. They just don\u2019t go anywhere.”<\/p>\n\n\n\n

Trump has been under pressure from Zelenskyy, European nations and members of Congress from both parties for months to intensify U.S. sanctions on Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Treasury Department announced new sanctions targeting Russia\u2019s oil sector Wednesday, the day after President Donald Trump confirmed that a planned meeting with Russian President Vladimir Putin to discuss Russia’s war with Ukraine was off. \u201cNow is the time to stop the killing and for an immediate ceasefire,\u201d Treasury Secretary Scott Bessent said in a […]<\/p>\n","protected":false},"author":8,"featured_media":13362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[1676,1780,2012],"class_list":["post-13361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-russia","tag-sanctions","tag-two"],"yoast_head":"\nU.S. sanctions Russia's two largest oil companies - LISTEN WORLD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tingchao.xyz\/?p=13361\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. sanctions Russia's two largest oil companies - 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