"The latest, and somewhat surprising, round of U.S. sanctions were levied against Rosneft and Lukoil, two giants of Russia's still-powerful fossil fuel industry, narrowing possibilities for a Vladimir Putin still convinced he can keep his war in Ukraine going. On Thursday, the Russian president warned Donald Trump that the move would cost the United States dearly. The Kremlin is making no"
"secret of its irritation, after having hoped to distance the current U.S. administration from the Ukrainian cause. This most recent step sent the country in exactly the opposite direction. Putin remained firm, however, commenting that, no self-respecting country and self-respecting people make any decisions under pressure. Although Rosneft and Lukoil had been under Western sanctions for years, those had been partial. With the new measures,"
U.S. sanctions now target Rosneft and Lukoil, escalating restrictions by placing both companies on the Treasury's blacklist and imposing far tougher curbs. The measures follow earlier partial Western sanctions and a price cap on Russian oil designed to limit Kremlin revenues while keeping crude on global markets to avoid sharp price spikes. The United Kingdom has enacted similar sanctions and China will cease buying Russian oil. Vladimir Putin warned the United States the move would be costly and maintained that no self-respecting country makes decisions under pressure. The outcome hinges on whether Turkey and India stop buying; about one million barrels per day could be at stake.
Read at english.elpais.com
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