Treasury sanctions Russian oil companies, calls for ceasefire

Treasury sanctions Russian oil companies, calls for ceasefire

October 22, 2025/
Spread the love

By Andrew Rice
The Center Square

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.

Leave a Comment





Latest News Stories

Chicago inspector general hopes for urgency to address OT mistakes

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Chicago’s inspector general says she hopes there is urgency to correct mistakes after the city paid $26.5...

Poll shows most Americans support legal limits to abortion

By Tate MillerThe Center Square Pro-life groups celebrate the 53rd annual March for Life event in the wake of a Knights of Columbus-Marist Poll showing that most Americans support legal...
Bill would give parents access to expulsion evidence

Bill would give parents access to expulsion evidence

By Cat Barker | The Center Square contributorThe Center Square (The Center Square) – Illinois lawmakers are weighing legislation that would require public schools to share all evidence used to...
WATCH: Pritzker IDs half billion in ‘reserves;’ SCOTUS considering gun ban challenge

WATCH: Pritzker IDs half billion in ‘reserves;’ SCOTUS considering gun ban challenge

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square's Greg Bishop discusses a recent announcement...
Proposed Illinois bill would let local voters approve rent control, drawing sharp criticism

Proposed Illinois bill would let local voters approve rent control, drawing sharp criticism

By Cat Barker | The Center Square contributorThe Center Square (The Center Square) – A proposed Illinois bill, the “Let the People Lift the Ban Act," SB2884, would let local...
Businesses close in Minnesota for anti-ICE ‘economic blackout’

Businesses close in Minnesota for anti-ICE ‘economic blackout’

By Elyse ApelThe Center Square Many businesses across Minnesota closed today as part of an ‘economic blackout’ to protest U.S. Immigration and Customs Enforcement. This comes in response to calls...
House GOP: Climate lawyers could be improperly influencing judges

House GOP: Climate lawyers could be improperly influencing judges

By John O’Brien | Legal NewslineThe Center Square WASHINGTON – The U.S. House Judiciary Committee is asking for answers from one of the lawyers pushing climate-change cases against Big Oil,...
Music teacher Larry DeWeese addressed the board on January 21st.

Community Urges Board to Reconsider Teacher Cuts

By Andrea Arens A little less than a dozen students, parents, and community members addressed the Peotone School Board this week, urging district leaders to reconsider the elimination of a...
Illinois Quick Hits: Higher ed board pushes for more spending

Illinois Quick Hits: Higher ed board pushes for more spending

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Illinois Board of Higher Education has approved a 4.5% spending increase in its budget for fiscal...
Will County Board Graphic.02

County Committee Proposes Federal Study on “Legacy Pollution” Near Joliet and Romeoville Refineries

Article Summary: In a draft lobbying platform presented to the Will County Board, the Legislative Committee outlined a request for a federal study to identify and mitigate health risks in...
ABA can’t end anti-white scholarship discrimination lawsuit

ABA can’t end anti-white scholarship discrimination lawsuit

By Jonathan Bilyk | Legal NewslineThe Center Square The American Bar Association can't escape a lawsuit accusing the group, tasked with setting national ethical and professional standards for lawyers and...
Winter storm to cause widespread disruption, states of emergency

Winter storm to cause widespread disruption, states of emergency

By Andrew Rice and Ava OttThe Center Square A major winter storm is expected to bring significant snowfall and widespread disruption across the Mid-Atlantic and Northeast this week, according to...
AGs call on 'climate cartel' to uphold consumer protections

AGs call on ‘climate cartel’ to uphold consumer protections

By Andrew RiceThe Center Square Six state attorneys general called on the nonprofit climate company Ceres, Inc. to halt all conduct they say is in violation of antitrust and consumer...
Pritzker says $481.6 million put in reserves, GOP questions state spending

Pritzker says $481.6 million put in reserves, GOP questions state spending

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – One day after an Illinois state representative said there was no budget transparency from J.B. Pritzker’s office,...
Last four government spending bills pass U.S. House

Last four government spending bills pass U.S. House

By Thérèse BoudreauxThe Center Square The U.S. House finished the last of its fiscal year 2026 appropriations work Thursday with the passage of the last four government funding bills, sending...