India, Oct. 23 -- The United States announced sanctions against Russian oil companies on Wednesday (local time) as a result of "Russia's lack of serious commitment to a peace process to end the war in Ukraine".

The sanctions were announced by United States President Donald Trump as his frustration with Russia mounts for not stopping the war in Ukraine, something Trump is adamant on achieving.

Trump shared a post on Truth Social on Wednesday where he posted a statement by the US department of the treasury with the title, 'Treasury sanctions major Russian oil companies, calls on Moscow to immediately agree to ceasefire".

This is the first time Trump has imposed Ukraine-related sanctions on Russia during his second term.

The sanctions by...