Will US Sanctions on Russian Oil Companies Be Effective, and Why Is Trump Imposing Them Now?

Donald Trump has announced US sanctions on oil companies Rosneft and Lukoil in response to Russia’s ongoing war in Ukraine. (PC: Reuters)

The United States has imposed new sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, signaling a significant shift in President Donald Trump’s approach toward ending the war in Ukraine. This marks the first major punitive action against Russia since Trump returned to office in January. What Has Been Announced The sanctions, announced by […]