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Putin Must Pay: US Joins UK in Sanctions on Russian Oil Giants

The United Kingdom recently announced around 90 new sanctions targeting Russia's oil sector. United States President Donald Trump has now joined this effort by imposing sanctions on Russia's two largest oil companies. UK Prime Minister Keir Starmer welcomed this coordinated action, stating it puts pressure on Russia's war funding. He demanded that Vladimir Putin pay the price for his needless aggression and called for an immediate end to the bloodshed.

Key Points: UK PM Starmer Welcomes US Sanctions on Russian Oil Companies

  • UK imposed 90 sanctions on Russian oil sector last week to pressure Moscow
  • US joins UK with substantial sanctions targeting Rosneft and Lukoil companies
  • Sanctions aim to degrade Russia's ability to fund its war machine
  • Assets of Russian oil companies frozen in US, financial transactions restricted
3 min read

Putin must pay price for his needless aggression: UK PM welcomes US imposing sanctions on 2 major Russian Oil companies

UK Prime Minister Keir Starmer welcomes US sanctions on Rosneft and Lukoil, demanding Putin pay for aggression and end Ukraine war bloodshed.

"Putin must pay the price for his needless aggression. The killing must end now. - UK PM Keir Starmer"

London, October 23

United Kingdom's Prime Minister Keri Starmer on Wednesday (local time) welcomed the United States joining the UK in imposing "substantial sanctions" on two major oil companies of Russia, namely Rosneft and Lukoil, and called for a stop to the bloodshed in the Russia-Ukraine war.

The UK, on October 16, announced around 90 new sanctions on the Russian oil sector in an effort to put pressure on the country to stop the Ukraine war. A week later, on October 23, the United States announced sanctions on two of Russia's biggest oil companies.

"Last week, the UK sanctioned Russia's two largest oil companies that fund Putin's war machine. I'm pleased the US has now joined us with substantial sanctions on the same two oil companies," PM Starmer posted on X.

Calling for Russian President Putin to "pay the price" for his "needless aggression, the UK PM called an end to the bloodshed.

"Putin must pay the price for his needless aggression. The killing must end now," the post read.

Earlier, US President Donald Trump announced new sanctions targeting Russia's two largest oil companies, Rosneft and Lukoil, in a bid to pressure Moscow to end the war in Ukraine.

The move comes after months of stalled diplomacy and growing frustration with Russian President Vladimir Putin's actions.

"Today is a very big day. Look, these are tremendous sanctions. These are very big. Those are against their two big oil companies... We hope that the war will be settled. We just answered questions related to the various forms of missiles and everything else we're examining. However, we don't think that will be necessary. We would like to see them just take the line that has been formed over quite a long period of time and go home," President Trump said during an interaction with journalists at the White House, while hosting NATO Secretary General Mark Rutte.

The statement comes shortly after the US Department of the Treasury imposed sanctions on the Russian oil companies.

The sanctions aim to degrade Russia's ability to raise revenue for its war machine and support its weakened economy.

Rosneft and Lukoil are now designated, resulting in the freezing of their assets in the US and restricting US persons from engaging in financial transactions with them. All entities owned 50% or more by Rosneft and Lukoil are blocked, regardless of whether they are designated by OFAC.

- ANI

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Reader Comments

R
Rohit P
Good move, but will this actually stop the war? Russia has been finding ways around sanctions for years. Meanwhile, global oil prices keep fluctuating and affecting our economy here in India. 🤔
A
Arjun K
As an Indian, I'm concerned about how this affects our energy security. We import a lot of oil and these sanctions could create more instability in global markets. Need to find alternative sources quickly.
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Sarah B
While I support peace, I hope India maintains its strategic autonomy. We have our own national interests to consider, especially with our historical ties to Russia. The situation is more complex than it appears.
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Vikram M
Better late than never! Western countries should have taken such strong measures earlier. Putin has been testing limits for too long. Hope this brings some relief to the people of Ukraine. 🙏
M
Michael C
I respect the intention behind these sanctions, but honestly, they often hurt ordinary citizens more than the leaders. We've seen this pattern in many conflicts. There must be a better way to resolve this.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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