President Donald Trump’s decision to sanction Russia’s two largest oil companies, Rosneft and Lukoil, marks a significant escalation in Washington’s stance toward Moscow.
Now is the time to stop the killing and for an immediate ceasefire. Given President Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund the Kremlin’s war machine. Treasury is prepared to take further action if necessary… https://t.co/tbJTyf8x2V
— Treasury Secretary Scott Bessent (@SecScottBessent) October 22, 2025
The new measures come after months of Kremlin maneuvering aimed at persuading Trump to soften U.S. support for Ukraine.
According to CNN, the sanctions and Trump’s cancellation of a planned summit with Vladimir Putin in Budapest signal that the White House is losing patience with Russia’s delaying tactics on peace talks.
Kremlin officials, including Maria Zakharova, dismissed the sanctions’ impact, claiming Russia has developed “strong immunity” to Western pressure.
However, the move has rattled Moscow’s confidence that Trump could be swayed through flattery and economic promises.
The new U.S. sanctions against Russia’s oil giants are a clear signal that prolonging the war and spreading terror come at a cost. And this is a fair and absolutely deserved step. It is precisely pressure on Russia that will be effective for achieving peace, and sanctions are one…
— Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) October 23, 2025
Ukraine’s President Volodymyr Zelensky praised the decision as a “very important” step to bring Russia to the negotiating table.
European leaders also welcomed what they view as the first genuine sign of a tougher U.S. approach to the Kremlin.
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TIPP Staff
TIPP Staff
