London [UK]:United Kingdom\u2019s Prime Minister Keri Starmer on Wednesday (local time) welcomed the United States joining the UK in imposing \u201csubstantial sanctions\u201d on two major oil companies of Russia, namely Rosneft and Lukoil, and called for a stop to the bloodshed in the Russia-Ukraine war.<\/p>\n
The UK, on October 16, announced around 90 new sanctions on the Russian oil sector in an effort to put pressure on the country to stop the Ukraine war. A week later, on October 23, the United States announced sanctions on two of Russia\u2019s biggest oil companies.<\/p>\n
\u201cLast week, the UK sanctioned Russia\u2019s two largest oil companies that fund Putin\u2019s war machine. I\u2019m pleased the US has now joined us with substantial sanctions on the same two oil companies,\u201d PM Starmer posted on X.<\/p>\n
Calling for Russian President Putin to \u201cpay the price\u201d for his \u201cneedless aggression, the UK PM called an end to the bloodshed.<\/p>\n
\u201cPutin must pay the price for his needless aggression. The killing must end now,\u201d the post read.<\/p>\n
Earlier, US President Donald Trump announced new sanctions targeting Russia\u2019s two largest oil companies, Rosneft and Lukoil, in a bid to pressure Moscow to end the war in Ukraine.<\/p>\n
The move comes after months of stalled diplomacy and growing frustration with Russian President Vladimir Putin\u2019s actions.<\/p>\n
\u201cToday is a very big day. Look, these are tremendous sanctions. These are very big. Those are against their two big oil companies\u2026 We hope that the war will be settled. We just answered questions related to the various forms of missiles and everything else we\u2019re examining. However, we don\u2019t think that will be necessary. We would like to see them just take the line that has been formed over quite a long period of time and go home,\u201d President Trump said during an interaction with journalists at the White House, while hosting NATO Secretary General Mark Rutte.<\/p>\n
The statement comes shortly after the US Department of the Treasury imposed sanctions on the Russian oil companies.<\/p>\n
The sanctions aim to degrade Russia\u2019s ability to raise revenue for its war machine and support its weakened economy.<\/p>\n
Rosneft and Lukoil are now designated, resulting in the freezing of their assets in the US and restricting US persons from engaging in financial transactions with them. All entities owned 50% or more by Rosneft and Lukoil are blocked, regardless of whether they are designated by OFAC.<\/p>\n","protected":false},"excerpt":{"rendered":"
London [UK]:United Kingdom\u2019s Prime Minister Keri Starmer on Wednesday (local time) welcomed the United States joining the UK in imposing \u201csubstantial sanctions\u201d on two major oil companies of Russia, namely Rosneft and Lukoil, and called for a stop to the bloodshed in the Russia-Ukraine war. The UK, on October 16, announced around 90 new sanctions […]<\/p>\n","protected":false},"author":1,"featured_media":13340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-13339","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-international"},"_links":{"self":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/13339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13339"}],"version-history":[{"count":1,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/13339\/revisions"}],"predecessor-version":[{"id":13341,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/13339\/revisions\/13341"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/media\/13340"}],"wp:attachment":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}