I believe that the likelihood of the Russia policy and anti-Chinese policy merging into a single policy is increasing as of recent events. The Anti-Chinese hawks gets their blockade / trade war with China and the Russia hawks get their global oil sanctions. The Europeans are more than happy to tag along and burn themselves into oblivion.
Edit: Update.
Edit: Update.
Trump administration sanctions big Russian oil companies (Rosneft/LukOil) , presses for Ukraine ceasefire
The Trump administration on Wednesday imposed further sanctions on Russia’s two largest oil companies, citing “Russia’s lack of serious commitment to a peace process to end the war in Ukraine.”
“Now is the time to stop the killing and for an immediate ceasefire,” Treasury Secretary Scott Bessent said as he announced the sanctions on Rosneft and Lukoil.
Treasury is prepared to take further action if necessary to support President Trump’s effort to end yet another war,” Bessent said. “We encourage our allies to join us in and adhere to these sanctions.”
The Treasury Department said the new sanctions will harm the Kremlin’s ability to raise revenue to fund its war against Ukraine.
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