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.
Latest News Stories
Planning Commission Outlines Three-Step Process for Land Use Plan
Road Projects Face Delays as Commissioner Reports Solar Leases on Needed Land
Green Garden Township News Briefs – March 2025
Peotone School Board Approves New Curriculum, Welcomes New Administrators
Peotone Students Honored for Academic and Athletic Achievements
Peotone School Board Meeting Briefs
Fire District Approves Construction Manager for New Station, Targets May 5 Bid Opening
Fire District Approves Construction Manager for New Station, Targets May 5 Bid Opening
Fire District Expands Health Programs, Considers Cancer Screening
Fire District Expands Health Programs, Considers Cancer Screening
Fire District May 21 Meeting Briefs
Lincoln-Way Board Approves Up to $31.3 Million Bond Sale for Safety, Security Upgrades
