The United States has imposed sanctions on two major Russian oil companies, just days after the European Union (EU) decided to halt fuel imports from Russia.
What you should know
The United States has announced that it will not buy fuel from two major Russian oil companies.
The US President, who is initiating a Russia-Ukraine ceasefire, announced sanctions on Russian oil companies against the backdrop of no significant progress in the talks.
The European Union (EU) has already decided to stop importing fuel from Russia. The EU has decided to impose a complete ban on all types of fuel imports from Russia from January 1, 2028. The EU took this step after Russia used gas supplies as a weapon since the start of the Russia-Ukraine war and there were frequent interruptions in supplies.
According to CNN's , Trump told Russia in the Oval Office that they had waited a long time for talks and that it was time to impose sanctions. CNN quoted Trump as saying, 'These sanctions will not last long. Because the war will end.'
Senior US officials believe that the sanctions will be embarrassing for the Russian government, saying that these two major oil companies are providing financial support to the Kremlin's war machine. The US sanctions will directly affect nearly three dozen of their subsidiaries, including Rosneft and Lukoil.
Trump and Putin had a telephone conversation last Thursday. After the conversation, news of the two presidents meeting in the Hungarian capital Budapest was made public, but the time for the meeting between the two counterparts was not finalized. International media outlets, citing senior White House and Kremlin officials, stated that the meeting was unlikely to take place soon. The meeting was an attempt to resolve the Russia-Ukraine ceasefire that has been ongoing since 2022. Earlier, the two presidents had met in Alaska, USA. At that time, no concrete decision on the ceasefire could be made.
