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flag U.S. imposes major sanctions on Russian oil giants Rosneft and Lukoil, targeting their global access.

flag The U.S. is set to impose major new sanctions on Russia, targeting its largest oil companies, Rosneft and Lukoil, and nearly 30 subsidiaries, according to Treasury Secretary Scott Bessent. flag The move, part of a broader effort to pressure Russia to end its war in Ukraine, follows the cancellation of a planned summit with President Vladimir Putin. flag The sanctions aim to restrict the companies’ access to global financial and trade systems, with the U.S. urging allies to join. flag While specific details remain limited, the administration called it one of the largest sanctions actions to date, emphasizing accountability and a push for an immediate ceasefire.

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