Russia, Donald Trump and Vladimir Putin
Digest more
"Eventually the administration decided it's not enough to just use carrots to pressure Putin, you also need sticks," one analyst said.
A top Kremlin official said President Donald Trump had launched an "act of war" against Russia with fresh sanctions on its largest oil companies and the cancellation of a proposed summit with Russian President Vladimir Putin.
Trump said Oct. 22 that the sanctions "certainly will have an impact" on Russia and that he hopes Putin will "become reasonable."
President Donald Trump, during his long flight to Asia, said he hopes to work out a trade deal with China and assistance in getting Russia to end war with Ukraine.
It is increasingly difficult for Putin to finance his war. Every Euro we deny Russia is one it cannot spend on war."
The Treasury Department said new economic penalties will target Russia’s two largest oil companies, Rosneft and Lukoil, as well as their subsidiaries.
President Donald Trump imposed sanctions on Russia's largest oil companies Rosneft and Lukoil while canceling his planned summit with Russian President Vladimir Putin.
President Donald Trump's administration announced Wednesday new "massive sanctions" against Russia's oil industry that are aimed at bringing an end to Moscow's brutal war on Ukraine.
President Donald Trump said Prime Minister Narendra Modi assured him during a phone call Tuesday that India would wind down purchases of Russian oil, a possible reprieve to their trade impasse.
Days after canceling a planned summit with Putin, citing a lack of progress toward ending the war in Ukraine, Trump took a major step by effectively blacklisting Rosneft and Lukoil.
Feedback