Sweeping sanctions by Donald Trump are starving this country into submission
If foreign governments know what’s good for them, they’ll work with Trump. Otherwise, it isn’t going to be pretty.
And now sweeping sanctions by Donald Trump are starving this country into submission.
Trump’s Bold Sanctions Cripple Russian Oil Revenue
New measures imposed by President Donald Trump on Russia’s leading energy firms, Lukoil and Rosneft, are significantly undermining the Kremlin’s financial resources for its ongoing conflict, as detailed in a recent Treasury Department assessment.
An early evaluation from the Office of Foreign Assets Control highlights how the restrictions enacted last month on Russian energy exports are curbing the funds available to Moscow for sustaining military operations.
“President Trump has targeted Russia’s two largest oil companies in one of the most impactful Treasury actions to date. Russian oil is now selling at multi-year lows, starving Putin’s war machine. President Trump is the peace-and-prosperity President, and Treasury is prepared to take further action if necessary to end the senseless k*lling,” a Treasury spokesperson said to The Daily Wire.
Plunging Prices and Global Demand Signal Success
The Office of Foreign Assets Control’s preliminary review confirms the measures are delivering results, primarily by driving down Russian crude values and eroding revenues that support the invasion of Ukraine.
“While there are multiple prices of Russian oil depending on grade and location, various grades are trading well below all other international prices. Moreover, several key Russian grades are selling at multi-year lows, widening their spreads to global benchmarks. This is testament to the fact that demand for Russian oil is plunging, driven by the efficacy of U.S. sanctions,” the summary said.
Major Buyers in Asia Step Back Amid Pressure
The Treasury report further reveals that leading importers of Russian crude, particularly India and China, have scaled down acquisitions following the restrictions.
“Nearly a dozen major Indian and Chinese purchasers of Russian oil have announced intentions to pause their purchases of Russian December deliveries,” the Office of Foreign Assets Control stated.
The restrictions were formally applied to the energy giants on October 22.
“Now is the time to stop the k*lling and for an immediate ceasefire,” stated Treasury Secretary Scott Bessent at the time.
“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.”
