Treasury sanctions Russian oil companies, calls for ceasefire
The U.S. Treasury Department announced sanctions against two Russian oil companies on Wednesday.
The department cited Russia’s “lack of serious commitment” to ending the war in Ukraine, according to a news release.
“Now is the time to stop the killing and for an immediate ceasefire,” Treasury Secretary Scott Bessent said. “Treasury is prepared to take further action if necessary to support President Trump’s efforts to end yet another war.”
The U.S. is targeting Open Joint Stock Company Rosneft Oil Company and Lukoil OAO in its sanction efforts, as well as 34 subsidiaries of the two oil companies.
The sanctions prohibit transactions for individuals or organizations within the United States between the Russian oil companies or their subsidiaries.
Over the summer, Trump levied tariffs against India, a Russian ally, over the nation’s purchase of Russian energy and oil. Trump cited the war in Ukraine as his reason for targeting India.
“The ultimate goal of sanctions is not to punish but to bring about a positive change in behavior,” the Treasury Department press release reads.
Showers And Thunderstorms Likely
Latest News Stories
JJC Receives Clean Audit, Reports $21.6 Million Increase in Net Position
Will County Board Passes 0% Tax Levy, Creating “Unbalanced” Budget Crisis
Poll: Majority of Americans still support legal immigration
New Illinois youth center begins housing youth in Lincoln
State officials urge Trump, Congress to address national debt
Committee Advances Special Use Permit for Used Car Dealership in New Lenox Township
Lincoln-Way 210 to Purchase 31 Buses, Citing Major Savings Over Leasing
War Department, VA have highest number of unresolved recommendations from congressional watchdog
Nearly 550 truck drivers cited for not understanding English in Illinois YTD
Envelopes with white powder sent to two Texas ICE offices, no public threat
Georgia GOP thanks Greene; Trump says she ‘went bad’
Texas governor, members of Congress lead effort to ban Sharia law in US
