By Matthew Luxmoore
Ukrainian President Volodymyr Zelensky called for renewed economic pressure on Russia, saying it was enjoying significantly higher revenues from oil sales and helping it to finance its invasion of Ukraine, since the U.S. eased sanctions on Russian oil in an effort to alleviate the Iran war's impact on global energy supplies.
"Revenues give Russia a sense of impunity and the ability to continue the war. That is why pressure must continue and sanctions must work," Zelensky said in a social-media post on Sunday morning after another wave of Russian missile attacks against Ukrainian cities.
The U.S. earlier this month gave India a 30-day waiver to buy stranded Russian oil, then extended the waiver to all other countries. The surge in oil prices has at least temporarily given Russia's economy a new lease on life and funneled more money toward its defense industries. Zelensky said Russia has launched more than 1,500 attack drones around 1,260 aerial bombs against Ukraine in the past week.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
March 22, 2026 06:44 ET (10:44 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments