US takes aim at Russia's war chest with sanctions on Rosneft and Lukoil

The Trump administration announced on Wednesday that it was placing Russia’s two largest oil producers — Lukoil and Rosneft — on the U.S. Treasury Department’s sanctions list. The move is aimed at targeting Russia’s war finances, as the two companies account for nearly half of the country’s crude exports. In this edition, we’ll explore how this decision could affect global buyers of Russian oil, particularly in India.