Treasury sanctions Russian oil companies, calls for ceasefire
The U.S. Treasury Department announced sanctions against two Russian oil companies on Wednesday.
The department cited Russia’s “lack of serious commitment” to ending the war in Ukraine, according to a news release.
“Now is the time to stop the killing and for an immediate ceasefire,” Treasury Secretary Scott Bessent said. “Treasury is prepared to take further action if necessary to support President Trump’s efforts to end yet another war.”
The U.S. is targeting Open Joint Stock Company Rosneft Oil Company and Lukoil OAO in its sanction efforts, as well as 34 subsidiaries of the two oil companies.
The sanctions prohibit transactions for individuals or organizations within the United States between the Russian oil companies or their subsidiaries.
Over the summer, Trump levied tariffs against India, a Russian ally, over the nation’s purchase of Russian energy and oil. Trump cited the war in Ukraine as his reason for targeting India.
“The ultimate goal of sanctions is not to punish but to bring about a positive change in behavior,” the Treasury Department press release reads.
Events
Latest News Stories
Casey Moves Forward with Utility Rate Study as Resident Questions City Processes
CITY MEETING BRIEFS
Casey-Westfield Schools Earn Perfect Financial Rating, Approve Major Purchases
Casey-Westfield Schools Focus on Student Activities and Community Engagement
SCHOOL BOARD MEETING BRIEFS
Casey Council Considers Utility Rate Increases After Audit Reveals Losses
CITY MEETING BRIEFS
Police Report Pharmacy Break-In Resolution
Casey Council Approves Property Transfer, Reshuffles Committees
CITY MEETING BRIEFS
Candy Canes on Main Lighted Parade
Gigerbread House Decorating Competition 2024
