Editorial | Applying Pressure on Putin Through Oil Restrictions
Trump's Sanctions on Russia: President Trump has blacklisted Russian oil companies Rosneft and Lukoil, marking a shift in his stance towards Russia, despite previously suggesting that Putin desires peace.
Impact on Oil Prices: Following the announcement of sanctions, Brent oil prices increased from $60 to $66 a barrel, reflecting market reactions to the potential effects of U.S. and European sanctions on Russian energy exports.
Objective of Sanctions: The sanctions aim to restrict Russian energy exports, which are crucial for funding the Kremlin's military operations, as they represent about a third of the Russian budget.
Need for Continued Pressure: Experts suggest that for the sanctions to be effective in influencing the war, the U.S. Administration must maintain and escalate both military and economic pressure on Russia.
About the author








