Russian oil sector slapped with U.S. sanctions in bid to get Putin to agree to ceasefire

Geopolitical Risk - The Trump administration imposed sanctions on Lucille and Ross Neft, two large Russian companies [1][2] - The sanctions put pressure on the price of oil [2] - President Putin called the sanctions an unfriendly act but stated they won't significantly impact Russia's economy [3] Political Impact - President Zalinski welcomed the news of the sanctions, considering it an important decision [2] - President Trump stated the sanctions were implemented because conversations with President Putin were unproductive [2]