“ The United States introduced sanctions against the largest Russian oil companies Rosneft and Lukoil, as well as their subsidiaries. Source: US Treasury Department Details: The move increases pressure on Russia’s energy sector and limits the Kremlin’s ability to finance its war machine and prop up a weakened economy, the agency said. Treasury Secretary Scott Bessent urged allies to join the sanctions. Straight talk: “Because President Putin refuses to end this senseless war, the Treasury Department is imposing sanctions on Russia’s two largest oil companies that fund the Kremlin’s war machine. We stand ready to take additional action if necessary to support President Trump’s efforts to end yet another war. We call on allies to join us and abide by these sanctions.” Details: The US has announced its readiness to introduce further measures and is calling on Moscow to come to the negotiating table immediately. The two largest Russian oil companies, PJSC Rosneft and Lukoil (Lukoil OAO), fell under the restrictions. Rosneft is a vertically integrated energy company engaged in the exploration, production, processing, transportation and sale of oil, natural gas and petroleum products. Lukoil conducts similar activities as in Russia, as well as abroad. Both companies have been sanctioned under US Presidential Decree No. 14024 for activities in the energy sector of the Russian Federation economy. In addition, restrictions are being introduced against a number of subsidiaries of Rosneft and Lukoil. All companies in which these corporations directly or indirectly own more than 50% of the capital are automatically subject to the asset freeze, even if not included in the list of sanctions separately.”, — write: www.pravda.com.ua
Source: US Department of the Treasury
Details: The agency said the moves increase pressure on Russia’s energy sector and limit the Kremlin’s ability to finance its war machine and prop up a weakened economy.
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Treasury Secretary Scott Bessent urged allies to join the sanctions.
Direct speech: “As President Putin refuses to end this senseless war, the Treasury Department is imposing sanctions on Russia’s two largest oil companies that fund the Kremlin’s war machine. We stand ready to take additional action if necessary to support President Trump’s efforts to end yet another war. We call on allies to join us in complying with these sanctions.”
Details: The US has declared its readiness to implement further measures and calls on Moscow to immediately sit down at the negotiating table.
Two of the largest Russian oil companies — PJSC “NK Rosneft” and “Lukoil” (Lukoil OAO) — fell under the restrictions.
“Rosneft” is a vertically integrated energy company engaged in the exploration, production, processing, transportation and sale of oil, natural gas and petroleum products. “Lukoil” conducts similar activities both in Russia and abroad.
Both companies have been sanctioned in accordance with US Presidential Decree No. 14024 for activities in the energy sector of the Russian Federation economy.
In addition, restrictions are being introduced against a number of subsidiaries of Rosneft and Lukoil. All companies in which these corporations directly or indirectly own more than 50% of the capital are automatically subject to asset freezes, even if not listed separately.