The US government is poised to announce significant new sanctions targeting major Russian oil companies, including Rosneft and Lukoil, in response to continued violence in Ukraine, where recent drone and missile attacks have resulted in civilian casualties. Treasury Secretary Scott Bessent indicated that the US, along with the EU, aims to increase pressure on Moscow with these measures. The initiative comes amid heightened discussions in the US Senate concerning various bills aimed at further isolating Russia and potentially designating it as a state sponsor of terrorism. As oil prices fluctuate in response to these developments and growing demand, the administration underscores the need for an immediate ceasefire from Moscow.