Recent sanctions targeting Rosneft and Lukoil, along with numerous subsidiaries, come in response to months of bipartisan urging for President Donald Trump to impose tougher penalties on Russia’s oil sector.

“It is imperative to halt the violence and initiate an immediate ceasefire,” stated Bessent. In light of Russian President Vladimir Putin’s continued aggression, the Treasury is now targeting Russia’s leading oil companies, which are instrumental in funding the Kremlin’s military efforts.

Bessent emphasized the Treasury Department’s readiness to implement additional measures if required, in alignment with Trump’s commitment to ending the conflict.

“We urge our allies to support and adhere to these sanctions,” he added.

Bessent’s remarks coincided with NATO Secretary General Mark Rutte’s visit to Washington, where he is scheduled to meet with President Trump at the White House.

Meanwhile, overnight Russian drone and missile attacks on Ukraine resulted in the tragic deaths of at least six individuals, including a mother and her two young daughters.

Russian drones and missiles blasted sites across Ukraine overnight, killing at least six people, including a woman and her two young daughters.

The attack came in waves throughout the night and targeted at least eight Ukrainian cities, as well as a village in the region of the capital, Kyiv, where a strike set fire to a house in which the mother and her six-month and 12-year-old daughters were staying, regional head Mykola Kalashnyk said.

At least 29 people, including five children, were wounded in Kyiv, which appeared to be the main target, authorities said.

Russian drones also hit a kindergarten in Kharkiv, Ukraine’s second-largest city, later Wednesday when children were in the building, Mayor Ihor Terekhov said.

One person was killed and six were hurt, but no children were physically harmed, he said.

Ukrainian President Volodymyr Zelenskyy said many of the children were in shock.

He said the attack targeted 10 separate regions: Kyiv, Odesa, Chernihiv, Dnipropetrovsk, Kirovohrad, Poltava, Vinnytsia, Zaporizhzhia, Cherkasy and Sumy.

Russia fired 405 strike and decoy drones and 28 missiles, mainly targeting Kyiv, Ukraine’s air force said.

US President Donald Trump’s efforts to end the war that started with Russia’s all-out invasion of its neighbour more than three years ago have failed to gain traction.

Trump has repeatedly expressed frustration with Russian President Vladimir Putin’s refusal to budge from his conditions for a settlement after Ukraine offered a ceasefire and direct peace talks.

Trump said Tuesday that his plan for a swift meeting with Putin was on hold because he didn’t want it to be a “waste of time”.

European leaders accused Putin of stalling.

Zelenskyy said Wednesday that Trump’s proposal to freeze the conflict where it stands on the front line “was a good compromise” – a step that could pave the way for negotiations.

Kremlin spokesman Dmitry Peskov said the planned summit requires careful preparation, suggesting that laying the groundwork could be protracted.

“No one wants to waste time: neither President Trump nor President Putin,” he said.

In what appeared to be a public reminder of Russian atomic arsenals, Putin on Wednesday directed drills of the country’s strategic nuclear forces.

Zelenskyy urged the European Union, the US and the Group of Seven industrialised nations to force Russia to the negotiating table.

Pressure can be applied on Moscow “only through sanctions, long-range (missile) capabilities and coordinated diplomacy among all our partners,” he said.

Zelenskyy credited Trump’s remarks that he was considering supplying Tomahawk missiles to Ukraine for Putin’s willingness to meet.

The American president later said he was wary of tapping into the US supply of Tomahawks over concerns about available stocks.

Russia has not made significant progress on the battlefield, where a war of attrition has taken a high toll on Russian infantry and Ukraine is short of manpower, military analysts say. Both sides have invested in long-range strike capabilities to hit rear areas.

Ukraine says it hit key Russian chemical plant

The Ukrainian army’s general staff said its forces struck a chemical plant Tuesday night in Russia’s Bryansk region using British-made air-launched Storm Shadow missiles.

The plant is an important part of the Russian military and industrial complex, producing gunpowder, explosives, missile fuel and ammunition, it said.

Russian officials in the region confirmed an attack but did not mention the plant.

Ukraine also claimed overnight strikes on the Saransk mechanical plant in Mordovia, Russia, which produces components for ammunition and mines, and the Makhachkala oil refinery in the Dagestan republic of Russia.

The Russian Defence Ministry said its air defences downed 33 Ukrainian drones over several regions overnight, including the area around St Petersburg.

Eight airports temporarily suspended flights because of the attacks.

Sweden mulls sending fighter jets to Ukraine

Zelenskyy arrived on Wednesday in Oslo, Norway, and after that flew to Stockholm, where he and Swedish Prime Minister Ulf Kristersson signed an agreement exploring the possibility of Ukraine buying up to 150 Swedish-made Gripen fighter jets over the next decade or more. Ukraine has already received American-made F-16s and French Mirages.

Also today, Trump is expected to hold talks at the White House with NATO Secretary-General Mark Rutte.

The military alliance has been coordinating deliveries of weapons to Ukraine, many of them purchased from the US by Canada and European countries.

More international economic sanctions on Russia are likely to be discussed Thursday at an EU summit in Brussels.

On Friday, a meeting of the Coalition of the Willing – a group of 35 countries that support Ukraine – is to take place in London.

Moscow’s overnight attack also targeted energy infrastructure and caused rolling blackouts, officials said.

Russia has been trying to cripple the country’s power grid before winter sets in.

“We heard a loud explosion and then the glass started to shatter, and then everything was caught up in a burst of fire. The embers were everywhere,” Olena Biriukova, who lives in a Kyiv apartment building, told The Associated Press.

“It was very scary for kids.”

Two people were found dead in the Dnipro district of the Ukrainian capital, where emergency services rescued 10 people after a fire caused by drone debris hit the sixth floor of a 16-story residential building, local authorities said.

And in Kyiv’s Darnytskyi district, emergency services responded after drone debris hit a 17-story apartment block, causing a fire on five floors. Fifteen people were rescued, including two children.