00:00The White House is turning up the pressure on Moscow with President Trump announcing the most sweeping sanctions yet of his second term.
00:09The move slaps new restrictions on Lukoil and Rosneft, Russia's two biggest oil companies, along with dozens of subsidiaries that helped fund the Kremlin war machine against Ukraine.
00:21Asked why now, Trump said simply, it was time.
00:25These are tremendous sanctions. These are very big. Those are against their too big.
00:30Oil companies and we hope that they won't be on for long. We hope that the war will be settled.
00:35I think that they'll certainly have an impact. They're massive sanctions and sanctions on oil.
00:42The two biggest oil companies among the biggest in the world, but they're Russian. They do a lot of oil and hopefully it'll push.
00:52Hopefully he'll become reasonable and hopefully Zelensky will be reasonable to, you know, takes two to tango, as they say.
00:57Treasury Secretary Scott Besson called the move a clear message to Vladimir Putin, saying the U.S. is ready to take further action, if necessary, to end yet another war.
01:08The sanctions are expected to cut deeply into Russia's economy, which relies heavily on oil exports.
01:13The U.K. and E.U. have imposed similar measures, while European leaders prepare a new $200 billion package to keep Ukraine armed through next year.
01:23NATO Secretary General Mark Ruda, who was alongside the president, praised the move, saying the sanctions change the calculus and turn up the heat on Putin to negotiate a ceasefire.
01:33NATO Secretary General Mark Ruda.
01:37.
01:38.
Comments