Russia Denounces US Sanctions on Oil Giants, Warns of Rising Global Prices

Date:

Russia Denounces US Sanctions on Oil Giants, Warns of Rising Global Prices

Russian President Vladimir Putin listens to the head of the Federal Service for Supervision of Natural Resources (Rosprirodnadzor) Svetlana Radionova during their meeting at the Kremlin in Moscow, Russia, on Oct. 21, 2025. Alexander Kazakov, Sputnik, Kremlin Pool Photo via AP

Russia reacted with fury on Thursday after the United States imposed sweeping sanctions on its two largest oil companies, a move directly targeting the Kremlin’s most critical source of revenue that world leaders said keeps the war in Ukraine going.

The U.S. Department of the Treasury on Wednesday announced sanctions on Rosneft and Lukoil, as well as nearly three dozen of their subsidiaries.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Edible orchids are being overharvested in the Mediterranean how to protect these astonishing blooms

Each spring, the meadows and hillsides of the Mediterranean...

Wong Says China to Facilitate Talks to Begin Jet Fuel Sales to Australia

Minister for Foreign Affairs Penny Wong talks to journalists...

CCP Moves to Tighten Oversight of Gig Workers

Beijing is moving to tighten its grip on tens...

Defence Ends Submissions in China Influence Case Involving Ex-RCMP Officer, Argues No Criminal Intent

Former RCMP officer William Majcher, who was accused of...