{"id":244584,"date":"2025-10-22T22:23:06","date_gmt":"2025-10-22T22:23:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/244584\/"},"modified":"2025-10-22T22:23:06","modified_gmt":"2025-10-22T22:23:06","slug":"u-s-sanctions-russias-two-largest-oil-companies","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/244584\/","title":{"rendered":"U.S. sanctions Russia’s two largest oil companies"},"content":{"rendered":"

The Treasury Department announced new sanctions targeting Russia\u2019s oil sector Wednesday, the day after President Donald Trump confirmed that a planned meeting<\/a> with Russian President Vladimir Putin to discuss Russia’s war with Ukraine<\/a> was off. <\/p>\n

\u201cNow is the time to stop the killing and for an immediate ceasefire,\u201d Secretary of the Treasury Scott Bessent said in a statement. \u201cGiven President Putin\u2019s refusal to end this senseless war, Treasury is sanctioning Russia\u2019s two largest oil companies that fund the Kremlin\u2019s war machine. Treasury is prepared to take further action if necessary to support President Trump\u2019s effort to end yet another war. We encourage our allies to join us in and adhere to these sanctions.\u201d<\/p>\n

The two companies being sanctioned are Rosneft and Lukoil and some of their subsidiaries, according to the statement. <\/p>\n

Despite the war and battered Russian economy, Rosneft and Lukoil are worth more than $50 billion each and are two of the biggest companies listed on the Moscow Stock Exchange.<\/p>\n

A senior White House official told NBC News that Trump was following his gut on the timing of the sanctions. \u201cThe president leads by instinct, and he felt the time [for the sanctions] was appropriate,\u201d the official said. <\/p>\n

Last week, it appeared that relations between Washington and Moscow were warming after Trump held a call with Putin on Thursday and after Trump did not approve Ukrainian President Volodymyr Zelenskyy’s request for long-range Tomahawk missiles<\/a> in a meeting on Friday. <\/p>\n

Trump\u2019s latest peace push hit a roadblock during a call between Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov<\/a>, according to senior figures on both sides.<\/p>\n

Lavrov became \u201cexercised\u201d during the call, a Trump administration official told NBC News. He reiterated Russia\u2019s refusal to agree to an immediate ceasefire before talks begin, a key demand of Kyiv and Europe that the United States has backed.<\/p>\n

\u201cI don\u2019t want to have a wasted meeting; I don\u2019t want to have a waste of time,\u201d Trump told reporters Tuesday, confirming earlier reports<\/a> that the summit with Putin slated for the Hungarian capital of Budapest<\/a> would be shelved. He declined to give details about how the talks broke down, saying he would \u201csee what happens\u201d as events unfolded.<\/p>\n

The president has been under pressure from Zelenskyy, European nations and members of Congress from both parties for months to intensify U.S. sanctions on Russia.<\/p>\n

Babak Dehghanpisheh<\/a><\/p>\n

Babak Dehghanpisheh is an NBC News Digital international editor based in New York.<\/p>\n

Sarah Dean, Rebecca Shabad, Keir Simmons, Natasha Lebedeva, Alexander Smith, Daryna Mayer, Steve Kopack and Gabe Gutierrez contributed.<\/p>\n","protected":false},"excerpt":{"rendered":"The Treasury Department announced new sanctions targeting Russia\u2019s oil sector Wednesday, the day after President Donald Trump confirmed…\n","protected":false},"author":2,"featured_media":244585,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4,450,451,3,452,453],"class_list":{"0":"post-244584","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-breaking-news","8":"tag-breaking-news","9":"tag-breakingnews","10":"tag-headlines","11":"tag-news","12":"tag-top-stories","13":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/244584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=244584"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/244584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/244585"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=244584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=244584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=244584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}