October 22, 2025/

Treasury sanctions Russian oil companies, calls for ceasefire

Spread the love

By Andrew Rice
The Center Square

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.

Leave a Comment





Latest News Stories

DHS proposes billion dollar expanded DNA testing for immigrants

DHS proposes billion dollar expanded DNA testing for immigrants

By Andrew RiceThe Center Square The U.S. Department of Homeland Security issued a multibillion dollar proposal on Monday to increase biometric scanning during the immigration process. The proposal would expand...
Trump administration resumes visa processing despite shutdown

Trump administration resumes visa processing despite shutdown

By Andrew RiceThe Center Square After a month of halted operations, the U.S. Department of Labor will begin processing necessary documents for visa and permanent resident applications again. While agencies...
Muslims in Virginia, New York face decades in prison for supporting Houthis, ISIS

Muslims in Virginia, New York face decades in prison for supporting Houthis, ISIS

By Bethany BlankleyThe Center Square Two cases in Virginia and New York highlight ongoing Islamic terrorist threats at home and abroad, including resulting in the death of two U.S. Navy...
Indian reservation focus of human smuggling probe at U.S.-Canada border

Indian reservation focus of human smuggling probe at U.S.-Canada border

By Bethany BlankleyThe Center Square An Indian reservation that spans the U.S.-Canada border, including Ontario, Quebec and two upstate New York counties, is the focus of another human smuggling operation....
'Temporary Band-Aid': USDA able to cover 50% of November SNAP benefits

‘Temporary Band-Aid’: USDA able to cover 50% of November SNAP benefits

By Thérèse BoudreauxThe Center Square Despite previously denying it had the legal authority to do so, the U.S. Department of Agriculture said Monday that it will use emergency funds to...
WATCH: Family, friends remember Bailey family at celebration of life

WATCH: Family, friends remember Bailey family at celebration of life

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Loved ones have paid their respects to members of gubernatorial candidate Darren Bailey’s family at a celebration...
Duffy: We are going to go after the CDL mills

Duffy: We are going to go after the CDL mills

By Alan WootenThe Center Square Safety concerns, two triple-fatals involving 18-wheelers and a closer look at commercial driver’s licenses has led the U.S. Department of Transportation to say, “We are...

WATCH: Amid criticism, Pritzker defends using expletive to tell Trump where to go

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker on Monday defended the use of an expletive that he used in front...
Election integrity advocates urge reform after Illinois scores low in global survey

Election integrity advocates urge reform after Illinois scores low in global survey

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – Election integrity advocates are calling for sweeping reforms after a new international report ranks Illinois near...
WATCH: Pritzker's rhetoric criticized; tax amnesty program; status of Guard lawsuit

WATCH: Pritzker’s rhetoric criticized; tax amnesty program; status of Guard lawsuit

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares a conversation...
Trump predicts 'ruination' if Supreme Court rules against his tariffs

Trump predicts ‘ruination’ if Supreme Court rules against his tariffs

By Brett RowlandThe Center Square President Donald Trump won't attend arguments in a case before the U.S. Supreme Court challenging his tariff authority, but the U.S. president said if the...
Illinois quick hits: Pritzker uses expletive with teachers union; Paprocki reacts to assisted suicide bill

Illinois quick hits: Pritzker uses expletive with teachers union; Paprocki reacts to assisted suicide bill

By Jim Talamonti | The Center SquareThe Center Square Pritzker uses expletive with teachers union Gov. J.B. Pritzker’s use of an expletive telling President Donald Trump and his supporters what...
Congressional Perks: House account spending jumped 21% in 2022

Congressional Perks: House account spending jumped 21% in 2022

By Arthur KaneThe Center Square Spending on U.S. House of Representatives office accounts increased by more than 85% over the past three decades but nearly half of that occurred since...
Everyday Economics: Rate cut debate: Reading mixed signals in a fragile economy

Everyday Economics: Rate cut debate: Reading mixed signals in a fragile economy

By Orphe DivounguyThe Center Square The Federal Reserve cut interest rates last week, but the decision was far from unanimous. Two members of the Federal Open Market Committee (FOMC) dissented...
Arizona looks to legal immigration with Trump's border security

Arizona looks to legal immigration with Trump’s border security

By Andrew RiceThe Center Square As President Trump approaches the one year mark in office, apprehensions at the southern border have dropped significantly. States along the southern border, including Texas,...