The US has announced new sanctions on Russia's largest oil companies, Rosneft and Lukoil, to pressure Moscow into peace negotiations regarding Ukraine. This move is significant as it targets key funding sources for the Kremlin's military operations.

In a significant escalation of economic pressure, the US Department of Treasury has announced sanctions targeting Rosneft and Lukoil, the two largest oil companies in Russia. This decision is part of a broader strategy to compel the Kremlin to engage in peace negotiations regarding the ongoing conflict in Ukraine. US Treasury Secretary Scott Bessent stated that these sanctions are necessary due to President Putin's refusal to halt military operations, which have resulted in civilian casualties, including children. The sanctions come on the heels of intensified Russian bombardments in Ukraine and follow similar measures imposed by the UK. With Rosneft accounting for nearly half of Russia's oil production, these sanctions aim to disrupt the financial resources that support the Kremlin's military actions. The US is also considering further legislative measures to impose stricter sanctions on Russia and its allies, as discussions continue among NATO leaders about potential peace plans.