The new restrictions target two major oil companies, Rosneft and Lukoil, and its subsidiaries

The US has imposed additional sanctions on Russia, citing its “lack of serious commitment to a peace process.”

The new restrictions target two of Russia’s largest oil companies, Rosneft and Lukoil, US Treasury Department said in a statement on Wednesday.

“Now is the time to stop the killing and for an immediate ceasefire,” Secretary of the Treasury Scott Bessent stressed. “Treasury is prepared to take further action if necessary to support President Trump’s effort to end yet another war. We encourage our allies to join us in and adhere to these…

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