The United States has hit Russia's major oil companies with sanctions and accused the Russians of a lack of commitment toward ending the war in Ukraine, as Moscow conducted a major training exercise involving nuclear arms.
The new sanctions were unveiled on Wednesday, just one day after plans for a summit between U.S. President Donald Trump and Russian President Vladimir Putin fell apart. Trump told reporters he canceled the meeting because "it didn't feel right to me."
The U.S. Treasury Department said Russia's two largest oil companies, Rosneft and Lukoil, were targeted in a bid to damage Moscow's ability to fund its war machine.
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