On October 22, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced significant new sanctions for

Donald Trump’s primary objective during Thursday’s summit with Xi Jinping may be negotiating a favourable trade deal, but it could also help to achieve a breakthrough in his efforts to end the war in Ukraine.

The United States imposed sanctions on Russian oil companies Rosneft and Lukoil on October 22, followed by the European Union, which completely banned transactions with both companies the next day.