US hits Russian oil industry with heavy sanctions | DW News

US President Donald Trump says he has slapped 'tremendous' sanctions on Russia's two largest oil companies Rosneft and Lukoil. The measures come a day after a planned Trump-Putin summit in Budapest was called off, with Washington expressing disappointment at a lack of progress in ceasefire negotiations with Moscow. Russia's oil industry has been a key source of revenue for Moscow and is seen as one of the primary income sources funding Russia's war in Ukraine. 00:00 US hits Russian oil industry with heavy sanctions 01:01 Benjamin Alvarez Gruber, DW Correspondent 01:51 Ivana Stradner, Foundation for Defense of Democracies For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1 #Russia #Trump #sanctions