U.S. Senate Committee on Banking, Housing, and Urban Affairs
10/22/2025 | Press release | Distributed by Public on 10/22/2025 17:17
Senator Warren Statement on Treasury’s Sanctions Targeting Russian Oil Companies
October 22, 2025
Senator Warren Statement on Treasury's Sanctions Targeting Russian Oil Companies
Washington, DC - Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, issued the following statement in response to Treasury's targeted sanctions against two Russian oil majors:
"Treasury has taken an important step today to drive down revenue for the Kremlin's war machine. After letting pressure fade for nine months without imposing any new Russia sanctions, the Trump Administration must now restart targeted sanctions on evaders in China and globally who will otherwise profit and make it harder to achieve a just peace for Ukraine."
In August, minority staff of the Senate Banking and Foreign Relations Committees - led by Ranking Members Warren and Jeanne Shaheen (D-NH) - released an investigative report detailing how the Trump Administration is failing to use core economic tools to pressure Putin and degrade Russia's war machine.
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