"The sanctions increase pressure on Russia's energy sector and degrade the Kremlin's ability to raise revenue for its war machine and support its weakened economy,"
"I waited a long time. These are big sanctions. We hope they won't be on for long and that the war will be settled. We would like to see them take the line"
Trump reversed months of saying sanctions would undermine diplomacy and instead imposed sanctions on Rosneft and Lukoil along with several subsidiaries. He canceled a planned meeting with Putin after growing frustration following a call between Secretary of State Marco Rubio and Russian Foreign Minister Sergei Lavrov that produced no progress. U.S. officials concluded Russia was not in a position to reach a deal to end the war, clearing the way for the penalties. The Treasury Department froze property and interests in the U.S. and barred U.S. persons from doing business with the designated companies. The Treasury said the measures target Russia's energy sector to degrade the Kremlin's ability to raise revenue for its war machine and support its weakened economy. Trump told NATO secretary general Marc Rutte he had waited a long time and hoped the sanctions would not need to remain in place once the war is settled.
Read at Axios
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