International · 22 October 2025

US Sanctions Russia’s Oil Giants Rosneft and Lukoil amid Ukraine War

The US Treasury Department imposed sanctions on Russia’s top oil producers, Rosneft and Lukoil, citing “Russia’s lack of serious commitment to a peace process to end the war in Ukraine” in a press release on October 22, 2025. The measures aim to curtail Russia’s war financing by disrupting critical energy revenues. The move follows similar actions by the UK increasing economic pressure on Russia’s energy sector.

By BriefTea Editorial · 22 October 2025 at 23:01

Reported by Bloomberg · How we write briefs

Get the app

More briefs

WorldIran's unseen supreme leader urges Gulf countries to fight a shared enemy BusinessIceland supermarket boss tells the Chancellor to cut business taxes for employers GeneralNigel Farage's £5m donor has major stakes in arms industry PoliticsTreasury officials advise John Healey to tax banks and oil companies more HealthCorrecting hearing loss can cut dementia risk by almost half GeneralNotting Hill Carnival parade begins as Europe's biggest street party Browse all stories →