Oil Sanctions ‘Starving Putin’s War Machine’: Treasury Department

This photograph shows the Lukoil logo on a fuel storage tank at Rosenets Port terminal on the Black Sea coast near the city of Burgas, Bulgaria, on Nov. 14, 2025. Nikolay Doychinov/AFP WASHINGTON—Sanctions imposed by U.S. President Donald Trump in October against two Russian oil companies are “having their intended effect” on the country’s oil