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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose Energy correspondent

Trump sanctions have swift impact but will world stop buying Russian oil and gas?

Donald Trump Russia Oil United States European Union Tom Keatinge Kremlin India China Ukraine
A Rosneft crude oil tanker transiting the Bosphorus in 2023.
A Rosneft crude oil tanker transiting the Bosphorus in 2023. Photograph: Yoruk Isik/Reuters

Donald Trump’s stated mission to broker peace in Ukraine could come down to this simple question: can the US president convince the world to stop buying Russia’s fossil fuels?

Last week, Trump imposed sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, in an effort to damage Moscow’s ability to fund its war machine.

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