Recent developments in the ongoing Russia-Ukraine war have seen former President Trump intensifying sanctions against Russian oil companies, aiming to cripple the financial resources that support the conflict. The sanctions have sparked significant responses from both Russian President Putin and international markets. Putin has stated that Russia will not yield to U.S. pressure, despite acknowledging potential losses due to sanctions. Meanwhile, major oil producers in China have reportedly halted purchases of Russian oil in light of the new restrictions. This escalation of sanctions has raised questions about its effectiveness in pressuring Russia to reach a peace deal, with analysts noting the potential impact on global oil prices and geopolitical relations.