New Delhi, Oct. 23 -- The United States has imposed sanctions on two major Russian oil companies, citing their "lack of serious commitment to peace in Ukraine," as President Donald Trump noted that conversations with Russian President Vladimir Putin were "good" but did "not go anywhere."

The move to sanction the Russian oil companies, announced by the US Department of the Treasury, targets firms to increase pressure on Russia's energy sector. The sanctions have been imposed on Russia's two largest oil companies, Rosneft and Luko.

Announcing the sanctions, Secretary of the Treasury Scott Bessent said, "Now is the time to stop the killing and for an immediate ceasefire."

"Given President Putin's refusal to end this senseless war, Treasur...