US sanctions Russia’s 2 largest oil companies
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President Donald Trump confirmed Tuesday that a planned meeting with Russian President Vladimir Putin wasn't currently scheduled.
Understand the repercussions of US sanctions on Russian oil giants Rosneft and Lukoil on global oil prices, India's imports, and OPEC+ strategies. Learn about the potential impact on energy markets and geopolitical tensions.
President Donald Trump hit Russia's two biggest oil companies with sanctions in his latest sharp policy shift on Moscow's war in Ukraine, prompting global oil prices to rise by 3% on Thursday and India to consider cutting Russian imports.
On Wednesday, the Trump administration imposed sanctions on Russias two largest oil companies as it called on Moscow to agree to an immediate ceasefire in Ukraine.