<
https://www.theguardian.com/business/2025/oct/26/trump-sanctions-impact-russian-oil-gas>
"Donald Trump’s stated mission to broker peace in Ukraine could come down to
this simple question: can the US president convince the world to stop buying
Russia’s fossil fuels?
Last week, Trump imposed sanctions on Russia’s two largest oil companies,
Rosneft and Lukoil, in an effort to damage Moscow’s ability to fund its war
machine.
Tom Keatinge, the founding director of the Centre for Finance and Security
(CFS) at the defence thinktank Rusi, said: “The US has been more effective in
24 hours than the EU has been in the last six months. Trump is willing to say
what many others are too timid or too diplomatic to say out loud. For the
longest time people have been calling for Trump to pull out the sanctions
hammer. It could be very significant.”
The sanctions mean companies buying Russian oil risk losing access to the
dollar-based financial system. This could have particularly large consequences
for India and China, which have emerged as the largest importers of Russian oil
and gas since the Kremlin’s full-scale invasion of Ukraine more than three and
a half years ago."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
