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US imposes sanctions on Russia’s Rosneft and Lukoil

Measures mark Donald Trump’s first effort to punish energy companies that ‘fund the Kremlin’s war machine’

The US is imposing sanctions on Russia’s two biggest oil companies, Rosneft and Lukoil, aiming to “degrade” Vladimir Putin’s war chest and support Donald Trump’s effort to end the war in Ukraine.

The move marks the first time the Trump administration has imposed direct costs on Moscow over its full-scale invasion.

“These are tremendous sanctions,” the US president said. “We hope that they won’t be on for long. We hope that the war will be settled.”

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