Trump Turns Off the Tap: Admin Pressures Putin With Fresh Round of Oil Sanctions

The Treasury Department moved decisively Wednesday, unveiling a sweeping new round of sanctions against Russia — aimed squarely at the two oil giants that, in the administration’s words, “fund the Kremlin’s war machine.” The measures target Rosneft Oil Company, Lukoil OAO, and dozens of their subsidiaries. In a statement, the Trump administration said the sanctions were imposed because of “Russia’s lack of serious commitment to a peace process to end the war in Ukraine.” “Now is the time to stop the killing and for an immediate ceasefire,” said Treasury Secretary Scott Bessent. “Given President Putin’s refusal to end this senseless


