Will Trump’s sanctions against Russian oil giants hurt Putin?

Al JazeeraCenterEN 4 min read 100% complete by Alex Kozul-WrightOctober 23, 2025 at 03:09 PM

AI Summary

long article 4 min

US President Donald Trump has announced new sanctions against Russia's two largest oil companies, Rosneft and Lukoil, in an effort to pressure Moscow to agree to a peace deal in Ukraine. The sanctions, imposed on Wednesday, will freeze assets owned by the companies in the US and bar US entities from engaging in business with them. Thirty subsidiaries of Rosneft and Lukoil have also been sanctioned. The move is designed to cut off vital oil revenues that help fund Russia's ongoing war efforts. Rosneft and Lukoil are responsible for nearly half of Russia's oil production, which exports 70% of Russia's overseas crude oil sales. The sanctions follow a new bombardment on Ukraine's capital, Kyiv, killing at least seven people, including children.

Key Topics & Entities

Gazprom 40% Kyiv 50% US ×260% Ukraine ×260% Vladimir Putin ×370% Lukoil ×470% Donald Trump ×480% Russia ×480% Rosneft ×580%

Keywords

russian oil sanctions 90% trump putin talks 80% ukraine conflict 80% us russia relations 70% rosneft sanctions 70% lukoil sanctions 60% kremlin war machine 50%