by Just the News Staff
“Now is the time to stop the killing and for an immediate ceasefire,” Treasury Secretary Scott Bessent said in a statement.
The Trump administration announced sanctions Wednesday being imposed on Russia’s two largest oil companies, as efforts to bring the war between Russia and Ukraine to an end have stalled.
The Treasury Department said it will be hitting Open Joint Stock Company Rosneft Oil Company and Lukoil OAO, with sanctions, according to The Hill.
“I just felt it was time. We waited a long time. I thought that we’d go long before the Middle East,” Trump said to the press in the Oval Office, with NATO Secretary General Mark Rutte at his side.
“It’s a very big day in terms of what we’re doing,” Trump said. “These are tremendous sanctions. They’re big, these are against their two big oil companies and we hope they won’t be on for long. We hope that the war will be settled. We just answered having to do with various forms of missiles and everything else that we’re looking at, but we don’t think that’s going to be necessary.”
Treasury Secretary Scott Bessent warned earlier of “a substantial pickup in Russia sanctions.”
“Now is the time to stop the killing and for an immediate ceasefire,” Treasury Secretary Scott Bessent said in a statement.
“Given President Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund the Kremlin’s war machine,” Bessent said. “Treasury is prepared to take further action if necessary to support President Trump’s effort to end yet another war. We encourage our allies to join us in and adhere to these sanctions.”
Just the News Staff
Source: https://justthenews.com/accountability/trump-administration-announces-sanctions-russias-two-largest-oil-companies
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