#globaloilmarket
Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation
In a significant policy reversal, U.S. President Donald Trump has imposed sweeping sanctions on Russia’s two largest oil producers, Rosneft and Lukoil, marking one of the most consequential economic measures against Moscow since the escalation of the war in Ukraine. The decision immediately triggered a 5% surge in global oil prices and prompted India, one of Russia’s biggest energy buyers, to reconsider its import strategy. The sanctions, announced on Wednesday, target companies
Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation
In a significant policy reversal, U.S. President Donald Trump has imposed sweeping sanctions on Russia’s two largest oil producers, Rosneft and Lukoil, marking one of the most consequential economic measures against Moscow since the escalation of the war in Ukraine. The decision immediately triggered a 5% surge in global oil prices and prompted India, one of Russia’s biggest energy buyers, to reconsider its import strategy. The sanctions, announced on Wednesday, target companies









