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
U.S. Treasury Secretary Scott Bessent delivers remarks on "Game Plan for US Investment" on the sidelines of the IMF/World Bank annual meetings at CNBC Invest in America Forum, in Washington, DC, on Oct. 15, 2025. Brendan Smialowski/AFP
Emel Akan
Emel Akan
Reporter
|Updated:
0:00

The United States announced 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.

The sanctions were imposed by the Treasury’s Office of Foreign Assets Control (OFAC) on Wednesday. “Now is the time to stop the killing and for an immediate ceasefire,” Treasury Secretary Scott Bessent said in a statement.
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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