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Trump Administration Announces New Sanctions on Russia’s Largest Oil and Gas Companies

HeadlineOct 23, 2025

President Trump met with NATO Secretary General Mark Rutte at the White House Wednesday, shortly after the Trump administration and the European Union announced new sanctions on Russia’s largest oil and gas companies. The announcement came as Ukrainian President Volodymyr Zelensky said Trump’s proposal to freeze the current frontlines in the war is “a good compromise.” Meanwhile, Ukraine launched a strike against a Russian chemical plant on Tuesday using British long-range cruise missiles. The Wall Street Journal is reporting that the Trump administration is lifting restrictions on Ukraine’s use of such weapons, allowing it to strike targets deeper inside Russia. This comes as the Norwegian Refugee Council is warning that millions of Ukrainian civilians could be left without heating, water and electricity this winter due to Russian attacks on energy infrastructure.

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