Oil Prices to Rise Following US Sanctions on Russian Oil Giants - Kuwaiti Oil Ministry

NAMPA / Sputnik

2025-10-23

DOHA, October 23 (RIA Novosti) - Oil prices are expected to rise following the imposition of US sanctions on Russian oil giants, Kuwaiti Oil Minister Tareq Sulaiman Al-Roumi said on Thursday. On Wednesday, the US Department of the Treasury announced introduction of sanctions on Russia's major oil companies, Lukoil and Rosneft, as well as their subsidiaries. "We expect oil prices to rise due to the imposition of US sanctions against Russian oil co......

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