Trump does what Brussels couldn’t: Kill Russian oil in Europe

Donald Trump unveiled new U.S. sanctions on Russia’s Lukoil and Rosneft, threatening asset sales and curbing pipeline supplies to Europe from Nov. 21. Analysts say the move will hurt Moscow’s oil giants—potentially sidelining about half of their dollar-traded cargoes—but won’t halt the war effort. The effect in Europe may be sharper: banks are expected to step back, Brussels is weighing a Lukoil transaction ban, and countries like Hungary and Slovakia fear supply cuts. Early tremors include Neste suspending deliveries to Teboil and Romania signaling Lukoil must sell its Petrotel refinery.

Reviewed by JQJO team

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