'We hope war will be settled': Trump calls sanctions on Russian oil companies 'tremendous'
Published on: Oct. 23, 2025, 6:28 a.m. | Source: The Economic Times
America has imposed new sanctions on Russia's top oil firms, Rosneft and Lukoil. This move aims to pressure Moscow to cease its actions in Ukraine. President Trump stated the sanctions are significant and hopes for a swift resolution. The US Treasury Department confirmed the sanctions, seeking to weaken Russia's war funding and economy. This action follows similar measures by Britain.
