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Trump tigthens pressure on Putin, slaps sanctions on top Russian oil firms; EU bans LNG

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Trump tigthens pressure on Putin, slaps sanctions on top Russian oil firms; EU bans LNG


A view shows a board with the logo of Russias oil producer Rosneft at the St Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 5, 2024. — Reuters
A view shows a board with the logo of Russia’s oil producer Rosneft at the St Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 5, 2024. — Reuters

  • First Ukraine-related sanctions on Russia in Trump’s 2nd term.
  • Bessent calls on allies to join US in sanctions against Russia. 
  • Trump hopes sanctions will not need to be in place for long time.


WASHINGTON/BRUSSELS: US President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with Russian President Vladimir Putin over the war.

The move came after EU countries on Wednesday approved a 19th package of sanctions on Moscow for its war against Ukraine that included a ban on Russian liquefied natural gas imports. Trump’s measures also followed Britain’s sanctioning last week of Rosneft and Lukoil.

The US Treasury Department said it was prepared to take further action as it called on Moscow to agree immediately to a ceasefire in Russia’s war in Ukraine, which began in February 2022.

“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 Secretary Scott Bessent said in a statement. “We encourage our allies to join us in and adhere to these sanctions.”

Oil prices jumped more than $2 a barrel after the US measures, with Brent crude futures extending gains after settlement, rising to about $64.

The sanctions are a major policy shift for Trump, who had not put sanctions on Russia over the war and instead relied on trade measures. Trump earlier this year imposed additional 25% tariffs on goods from India in retaliation for its purchasing discounted Russian oil.

The US has not imposed tariffs on China, another major buyer of Russian oil. A $60 price cap on Russian oil imposed by Western countries after Russia’s invasion has shifted Russia’s oil customers in recent years from Europe to Asia.

Trump told reporters in the Oval Office on Wednesday he had cancelled a planned summit in Hungary with Putin because it didn’t feel like it was the right time.

Trump also said he hopes the sanctions on Russian oil companies will not need to be in place for a long time. Trump said last year that he likes to remove sanctions quickly because of the risks to the dominance of the dollar in global transactions that the measures can bring. Russia has often asked for payments for oil in other currencies.

‘Can’t be one and done’

Analysts said the measures were a big step and long overdue.

“This can’t just be one and done,” said Edward Fishman, a former US official who is now a senior research scholar at Columbia University. He said the question was whether the US now threatens sanctions on anyone doing business with Rosneft and Lukoil.

Jeremy Paner, a former sanctions investigator at the Treasury Department and now a partner at law firm Hughes Hubbard & Reed, said the absence of banks and Indian or Chinese oil purchasers in Wednesday’s sanctions means they “will not get Putin’s attention.”

A senior Ukrainian official, however, said the step was “great news” and that the two Russian energy companies were among US sanctions targets proposed by Kyiv in the past.

The Treasury also sanctioned dozens of Rosneft and Lukoil subsidiaries. The measures block US assets of those designated and prevent Americans from doing business with them.

The Russian embassy in Washington and the Russian mission to the United Nations in New York did not immediately respond to a request for comment on the sanctions.

EU targets Russia’s shadow fleet

The EU’s LNG ban will take effect in two stages: short-term contracts will end after six months, and long-term contracts from January 1, 2027. The full ban comes a year earlier than the Commission’s proposed roadmap to end the bloc’s reliance on Russian fossil fuels.

The new EU package also adds new travel restrictions on Russian diplomats and lists 117 more vessels from Moscow’s shadow fleet, mostly tankers, bringing the total to 558. The listings include banks in Kazakhstan and Belarus, the presidency said.

EU diplomatic sources told Reuters that four entities linked to China’s oil industry will be listed, but the names will not be made public until the official adoption on Thursday. These include two oil refineries, a trading company and an entity which helps in the circumvention of oil and other sectors.





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Iran warns of ceasefire violation as US plans to escort Hormuz ships

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Iran warns of ceasefire violation as US plans to escort Hormuz ships


An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. — Reuters
An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. — Reuters 
  • Trump calls “Project Freedom” humanitarian gesture for stranded ships.
  • Iran chokes off major flows of oil, gas and fertiliser to world economy.
  • Over 900 commercial vessels present in Gulf, says maritime intel firm.

Iran warned on Monday that it would consider any US attempt to interfere in the Strait of Hormuz a breach of the Mideast ceasefire, as President Donald Trump said the United States would begin escorting ships through the blocked waterway.

Negotiations between the two countries have been deadlocked since a ceasefire came into effect on April 8, and Iran’s stranglehold on the strategic strait following US-Israeli attacks on Tehran has been a main point of contention.

Trump said Sunday the new maritime operation, which he dubbed “Project Freedom,” was a “humanitarian” gesture for crews aboard the many ships swept up in the blockade and which may be running low on food and other crucial supplies.

“We will use best efforts to get their Ships and Crews safely out of the Strait. In all cases, they said they will not be returning until the area becomes safe for navigation,” Trump said in a Truth Social post, noting operations would begin on Monday.

In response, the head of the Iranian parliament’s national security commission said: “Any American interference in the new maritime regime of the Strait of Hormuz will be considered a violation of the ceasefire.”

By blocking the Strait of Hormuz, Iran has choked off major flows of oil, gas and fertiliser to the world economy, while the United States has imposed a counter-blockade on Iranian ports.

Trump, in his post, said he was “fully aware that my Representatives are having very positive discussions with the Country of Iran, and that these discussions could lead to something very positive for all.”

He made no direct mention of what Tehran described as a 14-point plan “focused on ending the war.”

US Central Command said it would use guided-missile destroyers, over 100 land and sea-based aircraft, multi-domain unmanned platforms and 15,000 service members in the Hormuz effort.

As of April 29, more than 900 commercial vessels were located in the Gulf, according to maritime intelligence firm AXSMarine.

‘Impossible operation’

US news website Axios, citing two sources briefed on the proposal, reported that Iran set “a one-month deadline for negotiations on a deal to reopen the strait,” dissolve the US naval blockade and end the war.

Earlier Sunday, the Revolutionary Guards sought to put the onus back on Trump, saying he must choose between “an impossible operation or a bad deal with the Islamic Republic of Iran.”

Washington’s European allies are concerned that the longer the strait remains closed, the more their economies will suffer, and German Foreign Minister Johann Wadephul demanded that it be reopened.

In a call with his Iranian counterpart Abbas Araghchi, Wadephul stressed that Germany supported a negotiated solution but that “Iran must completely and verifiably renounce nuclear weapons and immediately open the Strait of Hormuz.”

Oil prices are currently about 50% above pre-conflict levels, largely due to the supply snarls in the strait.

‘Suffocating the regime’

The US president, who spent the weekend at his Mar-a-Lago resort in Florida, declined on Sunday to specify what could trigger new American military action.

But in his post he said that “if in any way, this Humanitarian (ship-guiding) process is interfered with, that interference will, unfortunately, have to be dealt with forcefully.”

Treasury Secretary Scott Bessent said the US naval blockade was only part of a broader economic embargo.

“We are suffocating the regime, and they are not able to pay their soldiers. This is a real economic blockade, and it is in all parts of government,” he told Fox News.

In yet more bellicose rhetoric, Mohsen Rezaei, a military adviser to Iran’s Supreme Leader Ayatollah Mojtaba Khamenei, said Iranian forces would sink US ships.

“The US is the only pirate in the world that possesses aircraft carriers. Our ability to confront pirates is no less than our ability to sink warships. Prepare to face a graveyard of your carriers and forces,” he posted on X.





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Former New York Mayor Giuliani hospitalised in critical condition

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Former New York Mayor Giuliani hospitalised in critical condition


Former Donald Trump lawyer and former New York City Mayor Rudolph Giuliani arrives at US Federal court in his case to surrender valuables to Georgia election workers he was found to have defamed, in New York City, US, November 26, 2024.— Reuters
Former Donald Trump lawyer and former New York City Mayor Rudolph Giuliani arrives at US Federal court in his case to surrender valuables to Georgia election workers he was found to have defamed, in New York City, US, November 26, 2024.— Reuters 

Former New York City Mayor Rudy Giuliani has been hospitalised and is in “critical but stable condition,” his spokesperson said on Sunday.

The spokesperson, Ted Goodman, did not immediately provide more details about Giuliani’s condition or how long he has been hospitalised.

“Mayor Giuliani is a fighter who has faced every challenge in his life with unwavering strength, and he’s fighting with that same strength now,” Goodman said in a statement. “We do ask that you join us in prayer for America’s Mayor Rudy Giuliani.”

Giuliani, 81, garnered acclaim for his response to the September 11, 2001, al Qaeda attack on New York City, earning the nickname “America’s Mayor.”

Giuliani worked as an attorney for President Donald Trump in his failed efforts to overturn the results of the 2020 election, an effort that led to criminal charges against Giuliani in two US states and a defamation lawsuit from election workers. Giuliani has denied wrongdoing in the criminal cases.

Trump, in a social media post, called Giuliani the “Best Mayor in the History of New York City” and said he had been mistreated by Democrats.

Giuliani was previously hospitalised last year following a car crash in New Hampshire.





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Germany’s Merz dismisses rift with Trump, rejects link to US troop cuts in Germany

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Germany’s Merz dismisses rift with Trump, rejects link to US troop cuts in Germany


Christian Democratic Party (CDU) party leader Friedrich Merz speaks to the media after the German parliament voted against an opposition draft law on tightening immigration policy, in Berlin, Germany, January 31, 2025.— Reuters
Christian Democratic Party (CDU) party leader Friedrich Merz speaks to the media after the German parliament voted against an opposition draft law on tightening immigration policy, in Berlin, Germany, January 31, 2025.— Reuters
  • Merz says withdrawal not linked to his criticism of US’s Iran policy.
  • Pentagon to cut 5,000 troops from Germany, raising concerns.
  • Biden-era missile deployment plan also seen as abandoned.

German Chancellor Friedrich Merz said he must accept that President Donald Trump does not share his opinions in order to work with the United States within Nato, but stressed there was no link between their rift and a planned troop drawdown.

Merz dismissed suggestions that his criticism of US war planning in Iran had sparked Washington’s Friday announcement that the US would reduce its military presence in Germany, its largest European base, by 5,000 soldiers, and repeated his commitment to the transatlantic alliance.

Merz had questioned whether Trump had an exit plan for the Middle East and said the US was being “embarrassed” in talks with Iran. Trump later called Merz an “ineffectual” leader.

“I have to accept that the American president has a different view on these issues than we do. But that does not change the fact that I remain convinced that the Americans are important partners for us,” Merz told public broadcaster ARD in an interview due to be aired later on Sunday.

Asked whether US plans to reduce its troop presence in Germany had anything to do with the spat between the two leaders, Merz said, “There is no connection.”

Trump called for a reduced US military presence in Germany already during his first term and has repeatedly called on Europeans to take greater responsibility for their own security.

Friday’s announcement is also seen as a cancellation of a plan under Joe Biden’s administration to deploy a US battalion with long-range Tomahawk missiles to Germany.

This is a blow to Berlin, which had pushed for the move as a powerful deterrent against Russia, while the Europeans develop such weapons of their own.

Merz said Trump had never committed to this plan and that it was unlikely the US would give up such weapons systems, adding, “If I’m not mistaken, the Americans don’t have themselves enough at the moment.”





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