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In a significant escalation of economic pressure, President Donald Trump announced „tremendous” new sanctions against Russia’s two largest oil companies, Rosneft and Lukoil, during an Oval Office meeting with NATO Secretary-General Mark Rutte on October 22, 2025. President Trump stated that he „felt it was time” to implement these long-threatened measures to compel President Vladimir Putin to end the war in Ukraine. The sanctions, which target the companies and their subsidiaries, are designed to cripple a primary source of funding for the Kremlin’s war machine, with Treasury Secretary Scott Bessent emphasizing the action was taken due to „President Putin’s refusal to end this senseless war.”
The economic impact of these sanctions is projected to be severe, given the scale of the targeted entities. Rosneft and Lukoil are estimated to account for nearly half of all Russian oil production and together export 3.1 million barrels of oil per day. This move means that Russia’s four largest oil companies are now under U.S. sanctions, marking the first such action since President Trump took office in January 2025. The decision reverses the previous administration’s hesitation to sanction these specific giants over fears of spiking global energy prices, signaling a new, more aggressive phase in the U.S. approach.
The announcement followed President Trump’s cancellation of a planned second summit with President Putin, which he called off because „it didn’t feel right” and he didn’t believe it would lead to the desired outcome. In a show of allied solidarity, NATO’s Rutte endorsed the sanctions, stating that they are crucial to „changing the calculus” for Putin and forcing him to accept a ceasefire and come to the negotiating table. The U.S. Treasury Department has indicated it is prepared to take further action if necessary and is encouraging its allies to join in adhering to these stringent new economic penalties.
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Forrás: https://abcnews.go.com/Politics/trump-hits-russian-oil-companies-sanctions-time/story?id=126774873.