US sanctions Rosneft and Lukoil, citing Russia's lack of commitment to peace

The US Treasury designated Rosneft and Lukoil, Russia's two largest oil companies, saying Moscow had shown no serious commitment to a peace process in Ukraine. Secretary Scott Bessent said it was time to stop the killing and agree an immediate ceasefire, and that Treasury was prepared to take further action. He urged allies to join and adhere to the sanctions. The designations followed UK sanctions on the same companies the previous week.

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