Wednesday, January 21, 2026
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Trump imposes sanctions on 2 Russian oil firms. Why now?

For the first time in the Russia-Ukraine war, the US has hit Russian oil with sanctions. Two of the country’s biggest oil companies — Rosneft and Lukoil — have been sanctioned by the Donald Trump administration. Is this the American leader’s way of expressing his frustration with Vladimir Putin over the latter’s refusal to negotiate a ceasefire?

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