US Imposes Sanctions On Russia's Two Largest Oil Companies After Moscow Holds Nuclear Drills
Published on: Oct. 23, 2025, 8:27 a.m. | Source: NewsX
The United States imposed fresh sanctions on Russia’s leading oil companies, Rosneft and Lukoil, to weaken Moscow’s war funding and push for peace in Ukraine. The Treasury Department said the move targets the Russian energy sector and blocks all assets of the two firms under US jurisdiction. The European Union also approved a new sanctions package, including its first-ever ban on Russian liquefied natural gas (LNG), marking a coordinated Western effort to curb Russia’s war capabilities.
