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Explained: Trump Sanctions Russian Oil Giants: Rosneft & Lukoil Hit — Why Now?

Trump Sanctions On Russia: In a historic first during the Russia-Ukraine war, the US has imposed sanctions directly on Russia’s top oil firms — Rosneft and Lukoil. What does this move mean for Putin, the global oil market, and the ongoing war in Ukraine? In this explainer, we break down the difference between sanctions and tariffs, why the US acted now, and what this could mean for the future of the conflict.
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Oct 27, 2025
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