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After months of restraint, President Trump's move to blacklist Lukoil and Rosneft will hit Russia where it hurts.
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Russian President Vladimir Putin criticized new U.S. sanctions against Russian oil companies but said they would not "significantly affect our economic wellbeing." He also questioned President Trump's decision to cancel a meeting in Hungary, saying dialogue is better than "disputes, or especially war."
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U.S. sanctions on Russia's largest oil companies place new pressure on President Vladimir Putin. But, evidenced by President Donald Trump's frequently shifting positions, it's still unclear where he will land on how to end the war in Ukraine.
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