Washington has finally sanctioned two of Russia’s largest oil companies, Lukoil and Rosneft in an attempt to pile more pressure on Vladimir Putin to agree to a ceasefire.
This is the first set of sanctions the US President has imposed on Moscow since Donald Trump took office in January 2025.
The US Treasury Secretary Scott Bessent said, “Now is the time to stop the killing and for an immediate ceasefire.
“Given (Russian) President (Vladimir) Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund the Kremlin’s war machine.
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Trump and Putin were due to meet in the Hungarian capital, Budapest, but diplomatic talks between Washington and Moscow fell apart.
Trump said, “It didn’t feel like we were going to get to the place we have to get, so I cancelled it, but we’ll do it in the future.”
Trump added, “Those are against their two big oil companies, and we hope that they won’t be on for long. We hope that the war will be settled.
“We just answered having to do with the various forms of missiles and everything else that we’re looking at.”
Moscow has hit back at Washington saying that the US President is on “the warpath against Russia.”
The deputy chair of the Security Council of Russia Dmitry Medvedev has vowed that Russia’s path is to totally destroy Ukraine.
Medvedev said, “If any of the numerous commentators still had any illusions, here they are.
“The United States is our adversary, and their talkative ‘peacemaker’ has now fully embarked on the warpath against Russia.
“Yes, he doesn’t always actively fight on the side of Bandera’s Kyiv, but this is his conflict now, not the senile Biden’s!
“They will, of course, say he couldn’t help but be pressured in Congress, etc. This doesn’t change the main point: the decisions taken are an act of war against Russia. And now Trump has fully aligned himself with insane Europe.”
