Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Washington, October 22 (Xinhua) — The U.S. Treasury Department on Wednesday announced sanctions against two of Russia's largest oil producers, Rosneft and Lukoil. The move is intended to pressure Moscow to agree to an immediate ceasefire in Ukraine.
"Now is the time to stop the killing and cease fire immediately," US Treasury Secretary Scott Bessent was quoted as saying in the department's statement.
He said the administration of US President Donald Trump was prepared to take further action if necessary and called on allies to join in and comply with US sanctions against Russia.
State-controlled Rosneft and privately held Lukoil are Russia's largest oil producers. According to Bloomberg estimates, they accounted for almost half of Russia's total crude oil exports, or approximately 2.2 million barrels per day, in the first half of 2025.
“I just felt like it was time,” Trump said at the White House on Wednesday, expressing hope for a speedy resolution to the Russian-Ukrainian conflict.
As a reminder, the planned meeting between Donald Trump and Russian President Vladimir Putin in Hungary on Tuesday was postponed. –0–
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