US sanctions Russian oil companies after failed Putin talks
www.bbc.com
The US has announced new sanctions on Rosneft and Lukoil, Russia's two largest oil companies, over continued fighting in Ukraine.

The US Department of Treasury has announced new sanctions targeting Russia’s two largest oil companies - Rosneft and Lukoil - in an effort to pressure Moscow to negotiate a peace deal in Ukraine.

    • empireOfLove2@lemmy.dbzer0.comEnglish
      1·
      1 month ago

      For russia. These sanctions are basically toothless, Russian corporations have already decoupled from the Western banking system and are shadow-fleeting all their oil to willing buyers in India and China without much reduction in flow. This is a theater play.