US sanctions Russian oil companies as Moscow holds nuclear drills
Summary
The US imposed sanctions on Russia's largest oil companies, Rosneft and Lukoil, and accused Russia of failing to end the Ukraine war as Moscow conducted nuclear drills. Plans for a Trump-Putin summit were canceled amid escalating tensions and increased military activity.
Key Points
- The US sanctioned Russia's two largest oil companies, Rosneft and Lukoil, to impair Moscow's war funding.
- Moscow conducted major nuclear weapons training exercises, including missile firings capable of reaching the US.
- A planned summit between US President Donald Trump and Russian President Vladimir Putin was canceled by Trump.
- Sweden signed a letter of intent to export Gripen fighter jets to Ukraine to bolster its defenses.
