US Sanctions on Russian Oil Are Hitting Moscow’s War Machine—But Is Washington Doing Enough?

The Trump administration’s sanctions on key Russian oil firms Rosneft and Lukoil are beginning to deliver tangible economic pressure on Vladimir Putin’s war effort in Ukraine. According to a senior Treasury official briefing reporters anonymously, major buyers in India and China are canceling or pausing their contracts ahead of the deadline to sever ties with these energy giants. This marks a significant development in choking the financial lifeline that has kept Russia’s aggression afloat since February 2022. Are These Sanctions Enough to Force Putin to the Table? Russian oil prices have plunged to multiyear lows as a result, indicating that...