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
70° 50°
Partly Sunny
Latest News Stories
Meeting Summary and Briefs: Will County Board Ad-Hoc Ordinance Review Committee for March 10, 2026
Will County Board Ad-Hoc Ordinance Review Committee Meeting | March 10, 2026 The Will County Board Ad-Hoc Ordinance Review Committee met on Tuesday, March 10, 2026, to review a backlog...
Peotone 207U Board Confronts Budget Pressures, Facility Needs at March 16 Meeting
By Andrea Arens Financial uncertainty, facility limitations, and growing calls for a community referendum dominated discussion at the Peotone Community Unit School District 207U Board of Education meeting on March...
Ad-Hoc Committee: Will County Sheriff’s Office to Acquire Decibel Meters for Noise Complaints
Will County Board Ad-Hoc Ordinance Review Committee Meeting | March 10, 2026 Article Summary: The Will County Sheriff's Office plans to purchase a fleet of certified decibel meters to accurately...
Crest Hill Homeowner Granted Side Yard Setback Variance for Accessible Addition
Will County Planning and Zoning Commission Meeting | March 3, 2026 Article Summary: The Will County Planning and Zoning Commission approved a side yard setback variance for a Crest Hill...
Will County Public Works Approves Access for 56-Acre Truck Services Hub on Manhattan-Monee Road
Will County Public Works and Transportation Committee Meeting | March 3, 2026 Article Summary: The Will County Public Works and Transportation Committee on Tuesday approved a request to allow commercial ingress...
Committee Approves $317K Guardrail Maintenance Contract Amid Discussion on Installation Dangers
Will County Public Works and Transportation Committee Meeting | March 3, 2026 Article Summary: Will County officials approved an annual guardrail maintenance contract Tuesday while addressing national concerns over improperly installed...
State Update: County Officials Raise Alarms Over Pritzker’s ADU Zoning Push and Data Center Tax Breaks
Legislative Committee Meeting | March 2026 Article Summary: During a state legislative update, Will County Board members expressed deep concerns over Governor J.B. Pritzker's continued push to mandate Accessory Dwelling Units...
Federal Update: DHS Shutdown, War Powers, and Housing Legislation Dominate Washington
Legislative Committee Meeting | March 3, 2026 Article Summary: Will County's federal lobbyists briefed the Legislative Committee on a turbulent week in Washington, D.C., highlighting the passage of a major bipartisan...
Will County Approves Diamond Enterprise Zone Expansion to Support $355 Million Energy Investment
Will County Executive Committee Meeting | March 12, 2026 Article Summary: The Will County Executive Committee unanimously approved ordinances expanding the Diamond Enterprise Zone to include the Village of Braceville. The...
Will County Corporate Revenues Surpass Expectations, Igniting Debate Over Delinquent Tax Sales
Will County Finance Committee Meeting | March 3, 2026 Article Summary: A routine review of the county’s year-end corporate fund revealed that revenues exceeded budgeted expectations by millions, largely driven by...
Will County Grants Extensions for Seven Solar and Commercial Projects Amid Permitting Delays
Will County Land Use & Development Committee Meeting | March 5, 2026 Article Summary: The Will County Land Use and Development Committee approved a slate of extensions for seven previously authorized...
Meeting Summary and Briefs: Will County Public Works and Transportation Committee for March 3, 2026
Will County Public Works and Transportation Committee Meeting | March 3, 2026 The Will County Public Works and Transportation Committee met on Tuesday, March 3, advancing millions of dollars in...
Will County Committee Postpones Liquor, Ad-Hoc Committee: Gaming, and Tobacco Ordinance Updates Amid Extensive Revisions
Will County Board Ad-Hoc Ordinance Review Committee Meeting | March 10, 2026 Article Summary: A Will County Board committee paused the advancement of major updates to the county's liquor, video...
Green Garden Township Board Opposes Earthrise Solar Project, Begins Exploring Incorporation
By Andrea Arens Green Garden Township officials voted March 9 to formally oppose the proposed Earthrise solar project and begin exploring whether incorporating the township into a municipality or rural...
Land Use Committee Approves 4.98-Megawatt Solar Facility on Eagle Lake Road Near Peotone
Will County Land Use & Development Committee Meeting | March 5, 2026 Article Summary: Reversing a deadlocked Planning and Zoning Commission, the Will County Land Use and Development Committee unanimously approved...