Lawmakers in a New Jersey city hit gas station franchises of an oil company based in Russia with suspensions of operating licenses as a means to put pressure on Russia as its armed forces storm Ukraine.
The Newark City Council approved suspending the licenses of two gas station franchises of Lukoil in a unanimous vote, 8-0, on Wednesday, according to Reuters. Lukoil is one of the largest oil nonstate companies in the United States and the second-largest oil producer in Russia, with ties to Russian oligarchs connected to Russian President Vladimir Putin.
While the moves from governors in states such as Virginia, Pennsylvania, New Hampshire, Texas, and Ohio to limit sales of Russia-affiliated products in a show of solidarity with Ukraine, some skeptics have pointed out the cost to U.S. businesses. While Ramos said the council hopes this"action is temporary in the sense that, you know, the Russian federation ends this invasion of Ukraine," Verma pointed out local businesses are"just coming out of COVID."The United States and countries throughout Europe have imposed economic sanctions on Russia to pressure Putin to end the full-scale invasion.
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