Trump Enforces Sanctions: U.S. Takes Stance on Ukraine War

In a dramatic policy shift, U.S. President Donald Trump has sanctioned Russia’s largest oil firms, Rosneft and Lukoil, due to Moscow's ongoing war in Ukraine. This move has led to a significant 3% increase in global oil prices, prompting India to assess its Russian oil import strategy.

The sanctions signal a stark U-turn from Trump, who had initially planned a summit with Russian President Vladimir Putin to negotiate an end to the conflict. However, Trump canceled the meeting, citing ineffectiveness in achieving desired outcomes and dissatisfaction with prior discussions with Putin.

Despite dismissing the sanctions as unproductive, Russia remains steadfast in its conditions to end the conflict, while Ukraine, backed by new penalties from the U.S., calls for more pressure. As oil prices surge and international tensions rise, the global energy landscape faces new challenges.