London [UK], October 23 (ANI): United Kingdom Prime Minister Keri Starmer on Wednesday (local time) welcomed the United States joining the UK in imposing “substantial sanctions” on two major Russian oil companies, Rosneft and Lukoil, and called for an end to the bloodshed in the Russia-Ukraine war.
On October 16, the UK announced around 90 new sanctions on Russia’s oil sector in an effort to pressure the country to stop its war in Ukraine. A week later, on October 23, the United States imposed sanctions on Rosneft and Lukoil, Russia’s two largest oil companies.
“Last week, the UK sanctioned Russia’s two largest oil companies that fund Putin’s war machine. I’m pleased the US has now joined us with substantial sanctions on the same two oil companies,” PM Starmer posted on X.
Calling for Russian President Vladimir Putin to “pay the price” for his “needless aggression,” the UK prime minister urged an end to the conflict. “Putin must pay the price for his needless aggression. The killing must end now,” the post read.
Earlier, US President Donald Trump announced new sanctions targeting Rosneft and Lukoil in a bid to pressure Moscow to end the war in Ukraine. The move comes after months of stalled diplomacy and growing frustration with Putin’s actions.
“Today is a very big day. Look, these are tremendous sanctions. These are very big. Those are against their two big oil companies… We hope that the war will be settled. We just answered questions related to the various forms of missiles and everything else we’re examining. However, we don’t 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,” President Trump said during an interaction with journalists at the White House while hosting NATO Secretary General Mark Rutte.
The statement came shortly after the US Department of the Treasury imposed sanctions on the Russian oil companies. The sanctions aim to degrade Russia’s ability to raise revenue for its war machine and support its weakened economy.
Rosneft and Lukoil are now designated entities, 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 percent or more by Rosneft and Lukoil are blocked, regardless of whether they are specifically designated by OFAC. (ANI)
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