On October 22, 2025, U.S. President Donald Trump announced sanctions against Russia's two largest oil companies, Rosneft and Lukoil, marking the first Ukraine-related sanctions during his second term. The U.S. Treasury Department emphasized that these companies fund Russia's war efforts and called on Moscow to agree to an immediate ceasefire. This move represents a significant policy shift, as Trump had previously relied on trade measures rather than direct sanctions over the Ukraine conflict.
The sanctions come amid rising frustration with Russian President Vladimir Putin and follow the suspension of a planned summit between Trump and Putin due to stalled negotiations. At the same time, Russia conducted major nuclear drills involving intercontinental missile launches, highlighting escalating tensions as the conflict nears its fourth year.
In Europe, the UK had already imposed sanctions on Rosneft and Lukoil, targeting their operations and assets. The European Union is preparing its 19th sanctions package, aiming to cut off financial lifelines to Russia by targeting entities that help circumvent Western restrictions, particularly in the oil sector.
The U.S. sanctions are expected to disrupt shipping and insurance for Russian oil, further isolating Russia from global energy markets. The international community continues to apply pressure on Moscow, urging an end to the ongoing war in Ukraine.
