PREVIEW

US Targets Russia's Oil Giants in Major New Sanctions Push. The United States has announced sweeping new sanctions against Russia's two largest oil companies — Rosneft and Lukoil — in a fresh bid to pressure Moscow into ending its war in Ukraine. President Donald Trump said the move followed stalled talks with Vladimir Putin, telling reporters after a meeting with NATO's Secretary-General, "Every time I speak to Vladimir, it goes nowhere.” The sanctions come a day after a planned Trump–Putin meeting in Budapest was shelved indefinitely. Treasury Secretary Scott Bessent said the oil giants fuel the Kremlin's "war machine" and that now is the time for an immediate ceasefire. Trump called the sanctions "tremendous," saying they could be lifted once Russia stops fighting. NATO chief Mark Rutte praised the decision, calling it "the right kind of pressure.” The sanctions mirror similar steps taken by the UK and EU, which also moved this week to restrict Russian oil and gas imports. Together, Western allies say they're sending a united message — that Moscow must choose peace over profit.
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