The Trump administration imposed sanctions on the two largest oil companies in Russia, Rosneft and Lukoil, demanding Moscow to accept an immediate ceasefire in the war with Ukraine.
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President Trump stated that he felt it was time for these measures, mentioning that he had waited a long time to impose them. Treasury Secretary Scott Bessent emphasized that the sanctions target companies that finance the Kremlin's war and encouraged allies to join these measures.
The sanctions were announced in the context of Russia launching a massive airstrike against Ukraine. Ukraine's ambassador to the U.S. praised the decision, stating that constant pressure on Russia is necessary to achieve peace. The impact of the sanctions will depend on their implementation and any potential secondary sanctions.
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