"Time To Stop The Killing" - US Treasury Unveils Massive Russia Sanctions, Demands "Immediate Ceasefire"
Update(1651ET): Washington is predictably making demands of Russia, despite that Ukraine still doesn't have much in the way of leverage on the battlefield - and at a moment President Trump has refused to bring real pressure to bear on Kiev to make territorial concessions.
“Now is the time to stop the killing and for an immediate ceasefire,” said Secretary of the Treasury Scott Bessent in a Wednesday afternoon statement, after he said new sanctions are imminent.
"Given President Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund the Kremlin’s war machine. Treasury is prepared to take further action if necessary to support President Trump’s effort to end yet another war. We encourage our allies to join us in and adhere to these sanctions."
The companies have been named in the Treasury statement as follows:
Today’s action targets Russia’s two largest oil companies, Open Joint Stock Company Rosneft Oil Company (Rosneft) and Lukoil OAO (Lukoil), which are now designated. Rosneft is a vertically integrated energy company specializing in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. Lukoil engages in the exploration, production, refining, marketing, and distribution of oil and gas in Russia and internationally.
Rosneft and Lukoil are being designated pursuant to E.O. 14024 for operating or having operated in the energy sector of the Russian Federation economy.
Dozens of Russia-based Rosneft and Lukoil subsidiaries have also been named as falling under the fresh sanctions.
This takes the two sides further away from actually striking a peace deal at the negotiating table than ever before.
https://www.zerohedge.com/geopolitical/high-casualty-russian-attack-ukraine-nato-chief-washington