President Donald Trump imposed sanctions on Russia’s largest oil companies, Rosneft and Lukoil, to pressure Moscow into an immediate ceasefire in Ukraine, while canceling a planned summit with Vladimir Putin in Budapest.
Treasury Secretary Scott Bessent announced the measures target billions in revenue funding the war, amid reports of nearly 8,000 soldiers killed in a recent week.
Trump hosted NATO Secretary General Mark Rutte to discuss progress and dismissed reports of lifting restrictions on Ukraine’s long-range missile use as fake news.
