Treasury Secretary Scott Bessent delivers remarks on “Game Plan for U.S. Investment” on the sidelines of the International Monetary Fund/World Bank annual meetings at CNBC Invest in America Forum, in Washington on Oct. 15, 2025. Brendan Smialowski/AFP
WASHINGTON—The United States announced on Oct. 22 new sanctions on Russia, targeting the country’s two largest oil companies, Rosneft and Lukoil, in an effort to limit the Kremlin’s ability to fund its war machine.
“I just felt it was time,“ President Donald Trump told reporters in the Oval Office as he hosted NATO Secretary-General Mark Rutte. ”We’ve waited a long time.
