Big buyers of Russian oil, especially in Asia, are forsaking Urals crude, and major Russian oil companies such as Rosneft and especially Lukoil are under pressure worldwide as the specter of U.S. secondary sanctions chokes their business and prospects.
U.S. President Donald Trump’s sanctions on Russia in late October may have been belated—they were the first of his second term—but they already seem shatteringly effective.
U.S. President Donald Trump’s sanctions on Russia in late October may have been belated—they were the first of his second term—but they already seem shatteringly effective.
Big buyers of Russian oil, especially in Asia, are forsaking Urals crude, and major Russian oil companies such as Rosneft and especially Lukoil are under pressure worldwide as the specter of U.S.
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