"Treasury Secretary Scott Bessent, in a statement on the sanctions, said it is time to stop the killing. He continued: Given President Putin's refusal to end this senseless war, Treasury is sanctioning Russia's two largest oil companies that fund the Kremlin's war machine. Treasury is prepared to take further action if necessary to support President [Donald] Trump's effort to end yet another war. We encourage our allies to join us in and adhere to these sanctions."
"NBC News reported a senior White House official said the new sanctions are in response to a planned meeting between Trump and Putin in Budapest being canceled. Fox News reporter Jacqui Heinrich shared the full announcement on the sanctions on X, which you can click and read below: The latest sanctions add to the already existing restrictions placed on Russia's oil and energy sector, as well as its technology companies and Russian banks."
"Bessent's announcement was made around the same time President Trump ripped the Wall Street Journal for a Wednesday report the U.S. had lifted a key restriction on Ukraine, allowing it to use long-range missiles against Russia. President Trump denied the report soon after, saying it was FAKE NEWS! Trump, according to the Financial Times, got into ashouting match with Volodymyr Zelensky about the war on Oct. 17, during the Ukrainian president's visit to the White House."
The Trump Administration imposed additional sanctions on Russia targeting Rosneft and Lukoil and several of their subsidiaries to pressure Vladimir Putin to agree to an immediate ceasefire in Ukraine. Treasury Secretary Scott Bessent said it is time to stop the killing and stated the measures target Russia's two largest oil companies that fund the Kremlin's war machine, with Treasury prepared to take further action if necessary. Officials tied the move to a canceled planned Trump–Putin meeting in Budapest. The sanctions build on existing restrictions on Russia's oil and energy sector, technology firms, and banks. The announcement coincided with President Trump denying a Wall Street Journal report about lifting restrictions on Ukrainian long-range missiles and with reports of a tense encounter between Trump and Volodymyr Zelensky at the White House.
Read at www.mediaite.com
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