The US Department of Treasury has announced new sanctions targeting Russia’s two largest oil companies - Rosneft and Lukoil - in an effort to pressure Moscow to negotiate a peace deal in Ukraine.
The US Department of Treasury has announced new sanctions targeting Russia’s two largest oil companies - Rosneft and Lukoil - in an effort to pressure Moscow to negotiate a peace deal in Ukraine.
For russia. These sanctions are basically toothless, Russian corporations have already decoupled from the Western banking system and are shadow-fleeting all their oil to willing buyers in India and China without much reduction in flow. This is a theater play.