US takes aim at Russia's war chest with sanctions on Rosneft and Lukoil

The Trump administration introduced on Wednesday that it was putting Russia’s two largest oil producers — Lukoil and Rosneft — on the U.S. Treasury Division’s sanctions listing. The transfer is aimed toward focusing on Russia’s conflict funds, as the 2 corporations account for almost half of the nation’s crude exports. On this version, we’ll discover how this determination might have an effect on world consumers of Russian oil, notably in India.



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