The USA announced sanctions against the companies "Rosneft" and "Lukoil"
Bessent noted that these companies "support the Kremlin's military efforts," while President Donald Trump is striving to end the conflict.
The Treasury's press release emphasizes that the sanctions are being imposed in response to "the insufficient commitment of the Russian Federation to the peace process" and the cessation of hostilities in Ukraine.
The minister urged Moscow to immediately agree to a ceasefire. Donald Trump also posted this message on the social network Truth Social, highlighting the importance of ending the conflict.
The next day, Trump reported that his planned meeting with Vladimir Putin in Budapest, where he hoped to secure Russia's agreement to a truce, had been postponed indefinitely, presumably due to the Kremlin's refusal to make any concessions.
Previously, similar measures against "Rosneft" and "Lukoil" had also been introduced by the United Kingdom.
Following the announcement of the sanctions, the price of Brent crude oil rose by more than 4 percent.
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