US sanctions Russian oil majors over Ukraine, prompting India jitters and Moscow fury

https://www.reuters.com/world/europe/trump-sanctions-russian-oil-majors-prompting-oil-price-rise-india-jitters-2025-10-23/

Posted by Ratnaprofitercina

4 comments

  1. SS:

    U.S. President Donald Trump has cancelled a planned summit with Russian President Vladimir Putin in Budapest and imposed sanctions on Russia’s two largest oil producers, Rosneft and Lukoil. The move marks a major policy reversal amid the ongoing war in Ukraine. Washington says the sanctions aim to cut Moscow’s ability to finance the conflict, while Russia has dismissed them as counterproductive. The measures drove global oil prices up by 3% and prompted India to consider reducing imports of Russian oil. As EU leaders meet in Brussels to discuss further aid for Kyiv, Ukraine’s President Zelenskiy welcomed the sanctions but urged even greater pressure on Moscow to achieve a ceasefire.

  2. Why was this not done already? Does Russia really care if it’s selling freely to India and China?

  3. I look forward to everyone saying that this is “playing right into the hands of Putin” or something to that effect.

  4. Yeah, water is wet. Can’t sanction Indian oil companies for refining Russian oil

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