Treasury sanctions Russian oil companies, calls for ceasefire
October 22, 2025/
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.
Today Jun 13
50°
Mostly Clear
Latest News Stories
Will County Saves Nearly $5.74 Million in Bond Refinancing, Explores Future Borrowing Options
Will County Capital Improvements & IT Committee Meeting | November 4, 2025 Article Summary: The Will County Board’s Capital Improvements & IT Committee learned that the county has successfully saved nearly...
Will County Board Advances New Speed Limits in Green Garden and Frankfort Townships
Will County Public Works & Transportation Committee Meeting | November 2025 Article Summary: The Will County Board approved new speed limits for a section of Stuenkel Road in Green Garden...
New Lenox Garage Variance Denied After Neighbor Cites ‘Massive’ Scale and Neighborhood Impact
Will County Planning and Zoning Commission Meeting | November 4, 2025 Article Summary: The Will County Planning and Zoning Commission unanimously denied a New Lenox Township homeowner's request for a variance...
JJC Celebrates “Future Wolves” Partnerships with Joliet and Troy School Districts
Joliet Junior College Board of Trustees Meeting | October 15, 2025 Article SummaryJoliet Junior College celebrated its "Future Wolves" initiative by issuing proclamations honoring its inaugural partnerships with Joliet Public...
State Veto Session Passes Energy Bill Limiting County Zoning, Approves Toll Hike for Mass Transit
Meeting Summary and Briefs: Will County Legislative Committee for November 4, 2025 Article Summary: A state lobbyist reported to Will County that the Illinois General Assembly passed a major energy bill...
Meeting Summary and Briefs: Peotone School Board Committee of the Whole October 27, 2025
Peotone School Board Committee of the Whole Meeting | October 27, 2025 The Peotone School District 207-U Board of Education's committee meeting on October 27 was dominated by discussions of...
Commission Approves Peotone-Area Farmhouse Split, Overruling Staff’s “Spot Zoning” Concerns
Will County Planning and Zoning Commission Meeting | November 4, 2025 Article Summary: The Will County Planning and Zoning Commission approved a request to rezone a 1.75-acre portion of a larger...
Will County Finance Committee Hits Impasse on 2025 Tax Levy, Postpones Budget Votes
Will County Finance Committee Meeting | November 2025 Article Summary: The Will County Finance Committee postponed votes on the 2025 tax levy and the 2026 budget after a contentious debate...
Federal Lobbyists Brief Will County on Government Shutdown, Warn of SNAP and TSA Disruptions
Meeting Summary and Briefs: Will County Legislative Committee for November 4, 2025 Article Summary: Will County’s federal lobbyists reported that the ongoing government shutdown, now the longest in U.S. history, is...
Will County Committee Advances Gougar Road Bridge Project with Over $540,000 in Agreements
Will County Public Works & Transportation Committee Meeting | November 2025 Article Summary: The Will County Board approved two key agreements for the Gougar Road bridge project in New Lenox,...
Commission Approves Mokena-Area Garage Variance Over Village’s Objection
Will County Planning and Zoning Commission Meeting | November 4, 2025 Article Summary: The Will County Planning and Zoning Commission approved a variance for a new garage in unincorporated Frankfort Township...
Residents Clash on School Funding, Citing Low Tax Rate vs. “Wasteful” Spending at Committee Meeting
Peotone School Board Committee of the Whole Meeting | October 27, 2025 Article SummaryThe Peotone School Board heard conflicting public perspectives on its long-standing financial crisis, with one resident presenting...
JJC Receives Surprise $1.9 Million from IRS Employee Retention Credit
Joliet Junior College Board of Trustees Meeting | October 15, 2025 Article SummaryJoliet Junior College has received an unexpected $1.9 million windfall from the federal Employee Retention Credit (ERC), a...
JJC Advances ERP Modernization with New Vendor and Two-Year Budget
Joliet Junior College Board of Trustees Meeting | October 15, 2025 Article SummaryJoliet Junior College is entering the next phase of its Enterprise Resource Planning (ERP) system overhaul, with the...
Will County Committee Shapes 2026 Legislative Agendas on Housing, Energy, and Health
Meeting Summary and Briefs: Will County Legislative Committee for November 4, 2025 Article Summary: The Will County Legislative Committee advanced key priorities for its 2026 state and federal legislative agendas, focusing...