US sanctions two major Russian oil companies in bid to pressure Kremlin over Ukraine war

The United States on Wednesday imposed sanctions on Russia’s two largest oil companies — Rosneft and Lukoil — in an effort to pressure the Kremlin into negotiating a truce with Ukraine. Announced by the US Department of the Treasury, the embargo is designed to undermine Russia’s ability to fund its war efforts by targeting a key pillar of its economy.

from IndiaTV World: Google News Feed https://ift.tt/9rGQSR2