Trump Sanctions Russian Oil Giants as EU Tightens

Donald Trump scrapped a planned ceasefire summit with Vladimir Putin and, in a swift reversal, sanctioned Rosneft and Lukoil — his first such step of his second presidency. Paired with fresh EU energy curbs, the US has now blacklisted Russia’s top four oil producers, responsible for about four-fifths of exports, seeking to squeeze a sector that funds roughly a third of the state budget. India and China’s refineries are reviewing imports, while an EU “reparations” loan backed by frozen assets is stalled by Belgian opposition.

Reviewed by JQJO team

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