Russian energy company Lukoil on Monday declared force majeure at West Qurna-2, a huge oilfield in Iraq. The Iraqi government has reportedly halted all payments to Lukoil due to U.S. sanctions imposed in October.
President Donald Trump imposed heavy sanctions on Lukoil and another giant Russian oil company, Rosneft, on October 23. Trump ordered the sanctions after canceling a planned summit with Russian President Vladimir Putin in Budapest because he believed Putin was not serious about negotiating a ceasefire in Ukraine.
Read the full article at BREITBART.COM
