The United States is weighing sanctions on Russia’s two largest publicly traded oil producers, Rosneft PJSC and Lukoil PJSC, as part of a broader package of measures designed to persuade President Vladimir Putin to accept a ceasefire in Ukraine, according to people familiar with the deliberations cited by Bloomberg. Targeting Rosneft and Lukoil would represent a significant escalation of U.S. energy-related restrictions on Russia. Washington has previously limited technology exports and financing for certain Russian energy projects, but it has not directly sanctioned the companies’ core crude-trading operations. The discussions are taking place alongside U.S.–Russia talks in Anchorage, Alaska, aimed at halting renewed fighting in Ukraine. U.S. officials have prepared several punitive options and could move quickly if Moscow refuses to halt hostilities, although no final decision has been made. Sanctioning firms that underpin a large share of Russia’s oil production and export revenues could disrupt global crude flows and intensify pressure on the Kremlin, but it would also raise the stakes for energy markets already facing tight supply conditions.