Lukoil, Russia and Rosneft
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"Now is the time to stop the killing and for an immediate ceasefire," Treasury Secretary Scott Bessent said. "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.
MOSCOW (Reuters) -The United States has imposed sanctions on Russia's largest oil companies, Lukoil and Rosneft, in Washington's toughest measures on Russian business since the start of the war in Ukraine. Here are some details about the two companies, which together account for around half of Russia's oil output:
President Donald Trump imposed sanctions on Russia's largest oil companies Rosneft and Lukoil while canceling his planned summit with Russian President Vladimir Putin.
The Treasury Department announced the additional U.S. sanctions on Russia, targeting the oil companies Rosneft and Lukoil. Secretary Scott Bessent told reporter earlier that the sanctions would be announced.