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PRESIDENT Donald Trump has enacted direct sanctions against Russia to compel Vladimir Putin to agree to an “immediate ceasefire” in the ongoing conflict in Ukraine.
This marks the first instance during his second term in which Trump has implemented direct sanctions on Russia, reflecting his increasing frustration with Moscow amid the persistent war.
President Donald Trump has enacted direct sanctions against RussiaCredit: Reuters
The sanctions target Rosneft and Lukoil, the two largest Russian oil companies that significantly contribute to funding Putin’s invasion of Ukraine, along with numerous subsidiaries.
Treasury Secretary Scott Bessent stated: “In light of President Putin’s refusal to end this senseless war, the Treasury is sanctioning Russia’s two largest oil companies that finance the Kremlin’s military efforts.
“Now is the time to halt the violence and establish an immediate ceasefire.”
Bessent emphasized that the Treasury Department stands ready to take additional measures if needed to support Trump’s initiative to conclude the war.
“We urge our allies to join us in enforcing these sanctions,” he added.
The sanctions are expected to heighten pressure on Russia’s energy sector and “undermine the Kremlin’s capacity to generate revenue for its military operations and bolster its struggling economy,” the department noted.
Frequently Asked Questions
What are the recent sanctions imposed by President Trump on Russia?
President Trump has imposed direct sanctions on Russia, specifically targeting major oil companies Rosneft and Lukoil, in an effort to pressure Vladimir Putin to agree to an immediate ceasefire in Ukraine.
Why were these sanctions imposed?
The sanctions were imposed due to President Putin’s refusal to end the war in Ukraine, as these oil companies play a significant role in funding the Kremlin’s military actions.
What impact do the sanctions have on Russia?
The sanctions aim to increase pressure on Russia’s energy sector, diminishing the Kremlin's ability to generate revenue for its military and support its struggling economy.
