October 24, 2025

The global drama heats up as the US and European Union unleash new economic sanctions on Russia’s giant oil companies, Rosneft and Lukoil! This bold move aims to squeeze Moscow’s wallet to stop its invasion of Ukraine. Russian President Vladimir Putin fired back in Moscow, calling the US action an “unfriendly act” that may blow up fuel prices worldwide. Putin warned that a sharp cut in Russian oil on global markets will push prices sky-high and pinch gas station bills in the US—the pain will be real. Despite admitting the “serious” sanctions will hit Russia, Putin said, “they will not significantly impact its economy.” Meanwhile, Ukrainian President Volodymyr Zelenskyy cheered the new punishments from Brussels, calling them vital. “We waited for this. God bless, it will work. And this is very important,” Zelenskyy said proudly amid ongoing battles on a long, bloody 1,000-km front line. Russia’s energy might powers its war machine and keeps its economy afloat. That’s why these sanctions aim straight at the heart—blocking oil and gas, banning many old Russian tankers from EU ports, and shutting down cryptocurrency and tech tricks Russia uses to dodge previous hits. The EU is also restricting Russian diplomats and cutting off various military-related exports. Interestingly, the sanctions don’t start until November 21, giving Putin a valuable 30-day window! Chris Weafer, CEO of Macro-Advisory Ltd., says this may tempt Russia to negotiate, or it could mean a mad dash for oil buyers in Asia to scoop up Russian oil before the clampdown. The US sanctions come as former President Donald Trump said his planned quick meeting with Putin won’t happen soon, calling it a potential “waste of time.” Putin said diplomacy is better than confrontation but will not bow to pressure. He warned Ukraine against using long-range Western weapons to strike inside Russia, promising a “very serious not to say stunning” response. Tragically, the war’s toll keeps rising—Thursday saw a Russian drone kill two Ukrainian journalists, Olena Hubanova and Ievhen Karmazin, highlighting the dangerous ground reality. With oil prices already jumping over $2 a barrel on sanction news, the stakes couldn’t be higher. Will these harsh sanctions finally force Putin’s hand? The world waits, watching every move in this high-stakes chess game where energy is power, and peace is the prize the world desperately wants.

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Tags: Russia sanctions, Putin, Us sanctions, Eu sanctions, Russian oil, Ukraine war,