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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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For the first time in his second term, President Trump is imposing new sanctions, but they may not shift the course of Russia's war in Ukraine.
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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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President Donald Trump's sanctions against two of Russia's largest oil companies come as the European Union passes its 19th package targeting the energy sector.
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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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