Core Points - The U.S. has imposed severe sanctions on two major Russian oil companies, Lukoil and Rosneft, including secondary sanctions [1][10] - Lukoil announced plans to sell overseas assets to cope with the challenges posed by the sanctions [1][11] - Despite Putin's threats involving nuclear capabilities, the economic difficulties faced by Russia are becoming increasingly apparent [1][9] Sanctions Impact - The sanctions directly target Lukoil and Rosneft, which account for half of Russia's oil exports and provide over 40% of the country's oil and gas revenue [9][10] - Secondary sanctions will affect any entities engaging in transactions with these companies or their subsidiaries [10] - Major clients of Russian oil, including companies in China and India, have ceased imports of Russian oil following the sanctions [10] Lukoil's Response - Lukoil has begun the process of selling its international assets, including a 75% stake in the West Qurna-2 oil field in Iraq, which has a production capacity exceeding 480,000 barrels per day [11][13] - The company is also reviewing potential buyers' offers while maintaining a commitment to "stable operations" [14] - The sale of assets is expected to occur under the gradual approval of the U.S. Treasury [11] Political Dynamics - Putin's calm demeanor in public contrasts with his underlying anxiety regarding the economic impact of the sanctions [3][4] - Trump's administration remains firm, with Treasury Secretary Mnuchin dismissing Russian claims as mere "word games" [6][10] - Ukrainian President Zelensky has called for further sanctions against the entire Russian oil industry, not just the two companies [16]