News Summary

• The u.s. imposed sanctions on Russia's two largest oil companies on October 22, 2025.
• The move sent shockwaves through global energy markets, with Brent crude jumping above $140 per barrel.
• The Treasury Department has extended a 30-day sanctions waiver on Russian oil already loaded on tankers at sea, now lasting until June 17, 2026.
• The sanctions against Rosneft and Lukoil represent the most aggressive action yet against Russia's energy sector, but their effectiveness depends on enforcement and global cooperation.