The Trump administration has imposed sweeping sanctions on Russia's two largest oil companies, Rosneft and Lukoil, along with dozens of subsidiaries, in an effort to pressure Moscow into agreeing to an immediate ceasefire in Ukraine. This marks the first major punitive action targeting Russia's energy sector, following weeks of warnings from President Donald Trump. Treasury Secretary Scott Bessent stated that the sanctions are intended to halt the ongoing conflict and that the administration is prepared to escalate measures if Russia does not comply. The move comes after stalled negotiations between Trump and Russian President Vladimir Putin, with officials expressing disappointment over the lack of progress toward peace.