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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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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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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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