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 revenues, according to a Treasury Department market reaction report.
“President Trump has targeted Russia’s two largest oil companies in one of the most impactful Treasury actions to date,” a Treasury spokesperson told The Epoch Times via email on Nov. 18.
“Russian oil is now selling at multi-year lows, starving [Russian President Vladimir] Putin’s war machine,” the spokesperson said, adding that the Treasury is prepared to take further action if necessary to help end the conflict….
Oil Sanctions ‘Starving Putin’s War Machine’: Treasury Department
