US takes aim at Russia's war chest with sanctions on Rosneft and Lukoil

France 24Thursday, October 23, 2025 at 1:06:57 PM
US takes aim at Russia's war chest with sanctions on Rosneft and Lukoil
The Trump administration's recent sanctions on Russia's largest oil producers, Lukoil and Rosneft, mark a significant step in targeting the country's war finances. With these companies responsible for nearly half of Russia's crude exports, this move could have far-reaching implications for global oil markets, especially for countries like India that rely on Russian oil. By imposing these sanctions, the U.S. aims to weaken Russia's financial resources, which could ultimately influence the ongoing conflict.
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