ReferIndia News US Imposes Sweeping Sanctions On Russia’s Top Oil Giants Rosneft And Lukoil To Cut War Funding

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US Imposes Sweeping Sanctions On Russia’s Top Oil Giants Rosneft And Lukoil To Cut War Funding

Published on: Oct. 23, 2025, 4:26 a.m. | Source: NewsX

The US Treasury has sanctioned Russia’s top oil firms, Rosneft and Lukoil, freezing their US assets and blocking transactions to curb Kremlin war funding, warning of penalties for violations and urging allies to join in pressuring Russia toward a ceasefire.

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