US hits top Russian oil companies with sanctions, EU bans Russian LNG
Published on: Oct. 23, 2025, 6:55 a.m. | Source: The Economic Times
America has imposed sanctions on Russia's two largest oil companies, Lukoil and Rosneft. This action follows similar moves by the European Union and Britain. The US Treasury stated these sanctions target companies funding Russia's war in Ukraine. Oil prices saw an increase following the announcement. This marks a significant policy shift for President Trump.
