US imposes new sanctions on Russia's top oil firms over war in Ukraine
The US imposed new sanctions Wednesday on Russia’s two largest oil companies, Rosneft and Lukoil, citing Moscow’s “lack of serious commitment” to a peace process to end the war in Ukraine.
The Treasury Department said in a statement that the measures target Russia’s energy sector to “degrade the Kremlin’s ability to raise revenue for its war machine” and “support its weakened economy.”
“Now is the time to stop the killing and for an immediate ceasefire,” said Treasury Secretary Scott Bessent in the statement.
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