U.S. Treasury Secretary Scott Bessent has announced sanctions targeting Russia’s two biggest oil companies, Rosneft and Lukoil, in a bid to curb the Kremlin’s financial support for its military efforts. “With President Putin unwilling to bring this unnecessary conflict to a close, we are imposing sanctions on two major oil entities that fuel Russia’s war machine,” Bessent stated.

In a preview of the announcement on Fox Business, Bessent emphasized the significance of the action, calling it “one of the most substantial sanctions we have enacted against the Russian Federation.”

Meanwhile, former President Trump voiced his impatience over stalled diplomatic talks. “Honestly, whenever I engage in discussions with Vladimir, they are cordial, but ultimately, they lead nowhere. It’s just an endless cycle,” he remarked.

Trump also expressed frustration with the stalled negotiations. “In terms of honesty, the only thing I can say is, every time I speak with Vladimir, I have good conversations, and then they don’t go anywhere. They just don’t go anywhere,” he said.