Russia’s Response to US Sanctions on Major Oil Companies

Moscow has dismissed the recent coordinated sanctions targeting its major oil companies, Rosneft and Lukoil, labeling them “counterproductive” and expressing disbelief at their effectiveness. While the immediate impact of these sanctions may be limited, experts suggest they could have longer-term consequences, particularly if they reduce oil imports from countries like China and India, although Russia maintains its military objectives remain unchanged.

Want More Context? 🔎