US announces new sanctions against Russia’s two biggest oil companies

WASHINGTON: Treasury Secretary Scott Bessent announced new sanctions Wednesday against Russia’s two biggest oil companies and blasted Moscow’s refusal to end its “senseless war” as US-led efforts to end the war floundered and the Ukrainian president sought more foreign military help. The sanctions against Rosneft and Lukoil, as well as dozens of subsidiaries, followed months of bipartisan pressure on President Donald Trump to hit Russia with harder sanctions on its oil industry. “Now is the time to stop the killing and for an immediate ceasefire,” Bessent said in a statement.

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