US Politics

US Sanctions Major Russian Oil Companies

Treasury Secretary Scott Bessent said the U.S. ‘is prepared to take further action if necessary’ and called on Moscow to immediately agree to a cease-fire.
US Sanctions Major Russian Oil Companies
A board with the logo of Russia's oil producer Rosneft at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, on June 5, 2024. Anton Vaganov/Reuters
Emel Akan
Emel Akan
Reporter
|Updated:
0:00

WASHINGTON—The United States announced on Oct. 22 new sanctions on Russia, targeting the country’s two largest oil companies, Rosneft and Lukoil, in an effort to limit the Kremlin’s ability to fund its war machine.

“I just felt it was time,” President Donald Trump told reporters in the Oval Office as he hosted NATO Secretary-General Mark Rutte. “We’ve waited a long time.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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