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Trump's sanctions
Mint Chennai
|October 24, 2025
With US President Donald Trump expressing frustration over Russia's refusal to halt its hostilities in Ukraine, his administration has imposed sanctions on two big Russian suppliers of crude oil-Rosneft and Lukoil-with the aim of choking Moscow's revenues and ability to finance the war.
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Together, they account for about half of Russia's crude oil exports, estimated at 4 million barrels a day. Oil prices rose in response, although the extent to which overall supply may get squeezed is unclear. Depending on the details, Indian importers may be exposed to
This story is from the October 24, 2025 edition of Mint Chennai.
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