In response to Russia's lack of serious commitment to a peace process to end the war in Ukraine, the United States has imposed sanctions on two major Russian oil companies.
The U.S. Department of the Treasury's Office of Foreign Assets Control said it is targeting Russia's two largest oil companies - Open Joint Stock Company Rosneft Oil Company and Lukoil OAO - to increase pressure on Russia's energy sector and degrade the Kremlin's ability to raise revenue for its war machine and support its weakened economy.
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by Joji Xavier
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