Trump says Putin talks 'don't go anywhere' as he imposes new sanctions
Fresh Sanctions Hit Russia’s Oil Powerhouses
The new measures, introduced by the U.S. Treasury Department, target Rosneft and Lukoil — two of the largest state-linked energy companies that have remained central to Russia’s economic resilience throughout the war. The sanctions are designed to cut off critical export routes, freeze assets, and block access to the U.S. financial system.
Officials stated that the move aims to “reduce the Kremlin’s capacity to finance its war machine” by limiting energy revenue streams, which account for a significant portion of Russia’s federal budget.
Rosneft and Lukoil have not issued official statements, but early reports suggest operations could face significant disruptions as Western partners reconsider contracts and insurance coverage for Russian oil shipments.
Trump’s Comments Stir Diplomatic Debate
Speaking during a campaign event in Florida, Trump commented on his communication with Vladimir Putin, claiming that “talks don’t go anywhere because they never intend them to.” The remark comes as he continues to position himself as a potential negotiator capable of ending the war in Ukraine if re-elected in 2026.
The statement drew sharp criticism from both Democrats and Republicans, with many arguing that Trump’s comments risk undermining current diplomatic strategies. White House officials have not confirmed whether any formal communications between Trump and Putin have taken place.
Background: A Longstanding Energy War
Since Russia’s invasion of Ukraine in early 2022, Western nations have imposed a series of coordinated sanctions targeting Moscow’s banking, technology, and energy sectors. Despite these restrictions, Russia’s oil exports have continued to flow, largely redirected to markets in Asia and the Middle East.
The latest sanctions are part of a renewed effort by Washington to close loopholes and disrupt shipping routes that have allowed Russian crude to reach global buyers through intermediaries. Analysts believe the inclusion of Lukoil — previously considered a semi-private entity — signals Washington’s intention to expand pressure on all major players in Russia’s energy network.
International Reactions
The European Union and the United Kingdom have voiced support for the new sanctions but have yet to announce matching measures. European diplomats remain cautious about potential energy market disruptions, as Russia continues to supply oil to several countries through indirect channels.
Ukraine’s government has welcomed the move, describing it as a “vital step toward cutting off Russia’s financial oxygen.” Ukrainian President Volodymyr Zelenskyy praised the decision, saying it showed continued “transatlantic unity” against Russian aggression.
Meanwhile, the Kremlin condemned the sanctions as “illegal and self-destructive”, warning of retaliation against Western assets in Russia. Russian Foreign Ministry spokesperson Maria Zakharova said Moscow would “respond symmetrically” to what she called “economic warfare”.
Impact on Global Oil Markets
The announcement immediately affected global oil prices, with Brent crude climbing nearly 2% to around $93 per barrel. Market analysts warned of further volatility as traders assess the impact of the sanctions on supply chains.
“While the immediate effect may be limited, the psychological signal to the market is powerful,” said energy economist Laura Chen. “The inclusion of Lukoil, a major non-state company, widens the scope of sanctions beyond purely government-linked entities.”
Experts suggest that China and India — two major buyers of Russian oil — will likely seek ways to bypass the restrictions through alternative payment systems or barter arrangements, as they have done since earlier sanction rounds.
Trump’s Political Context
Trump’s remarks come at a time when his foreign policy positions are under intense scrutiny. As the 2026 U.S. presidential race heats up, his approach to Russia and Ukraine remains one of the most divisive topics in American politics. Critics argue that his comments reflect a sympathetic stance toward Moscow, while supporters view them as pragmatic diplomacy.
During his 2017–2021 presidency, Trump often claimed he could build a better relationship with Putin than his predecessors. However, several of his administration’s actions — including sanctions on Russian oligarchs — suggest a more complex record than his rhetoric implies.
Looking Ahead
The coming weeks will determine how effective the new sanctions are and whether Russia’s energy sector can withstand another financial hit. The Biden administration has indicated that further measures are under consideration if Moscow continues its military operations in Ukraine.
As for Trump, his latest comments may serve as a preview of the foreign policy tone he intends to adopt in a possible return to the White House. For now, both Washington and Moscow appear locked in a tense diplomatic stalemate — one in which oil, politics, and power remain deeply intertwined.
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