“This can’t just be one and done,” Fishman said. “The real impact will depend on whether the U.S. also targets anyone doing business with Rosneft and Lukoil.”
The sanctions immediately sent global oil prices higher, reflecting market fears over restricted supply. Economists warn the move could have ripple effects across Europe, which still depends on Russian energy imports.
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What’s Next for U.S.–Russia Relations
Putin continues to reject calls for a ceasefire, insisting that Ukraine must cede territory in any peace agreement. Trump, meanwhile, has emphasized that his goal is to force Moscow to “think rationally” and return to diplomacy.
With tensions mounting, the Trump Sanctions are being viewed as both a test of U.S. leverage and a signal to allies that Washington is reasserting its leadership in ending the war.
