Geopolitics and Security Alliances

Trump shifts from tariffs to sanctions on Russia's oil giants.

U.S. President Donald Trump has imposed sanctions on Russia’s two largest oil companies, Lukoil and Rosneft, marking a significant policy shift from his previous reliance on tariffs, particularly against India. These measures, prompted by ongoing frustrations with President Vladimir Putin over the Ukraine conflict, coincide with Britain’s recent sanctions against the same entities. Trump’s sanctions aim to curb funding for Russia’s military operations, as the U.S. Treasury indicated further actions could follow if Moscow does not agree to a ceasefire. This development underscores the complexities of international energy dynamics, where Western sanctions have redirected Russia’s oil customers from Europe to Asia, raising concerns about the geopolitical implications for countries like India involved in Russian oil purchases.

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