President Donald Trump’s sanctions on Russian oil giants Lukoil and Rosneft are biting into Moscow’s ability to fund its war effort, according to a Treasury Department memo.

The Initial Market Reaction report by the Office of Foreign Assets Control found that the sanctions that Trump placed on Russian energy last month are restricting the cash Moscow can dedicate to its war efforts.

“President Trump has targeted Russia’s two largest oil companies in one of the most impactful Treasury actions to date. Russian oil is now selling at multi-year lows, starving Putin’s war machine. President Trump is the peace-and-prosperity President, and Treasury is prepared to take further action if necessary to end the senseless killing,” a Treasury spokesperson told The Daily Wire.

The Office of Foreign Assets Control’s initial assessment of the tariffs found that they are having their intended effect by reducing oil revenues to Moscow by “lowering the price of Russian oil and therefore the country’s ability to fund its war effort against Ukraine,” according to a summary of the office’s assessment.

“While there are multiple prices of Russian oil depending on grade and location, various grades are trading well below all other international prices. Moreover, several key Russian grades are selling at multi-year lows, widening their spreads to global benchmarks. This is testament to the fact that demand for Russian oil is plunging, driven by the efficacy of U.S. sanctions,” the summary found.

The Treasury assessment also noted that some of Russia’s biggest customers, namely India and China, have cut back their purchases of Russian energy in the wake of the tariffs

“Nearly a dozen major Indian and Chinese purchasers of Russian oil have announced intentions to pause their purchases of Russian December deliveries,” the Office of Foreign Assets Control found.

The Treasury leveled the tariffs on the Russian oil giants on October 22.

“Now is the time to stop the killing and for an immediate ceasefire,” said Treasury Secretary Scott Bessent at the time. “Given President Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund the Kremlin’s war machine. Treasury is prepared to take further action if necessary to support President Trump’s effort to end yet another war. We encourage our allies to join us in and adhere to these sanctions.”

Before Camelot, before the crown, one man’s conversion ignites a civilization’s rebirth. Tonight, the world gets its first full look. 

The Daily Wire just dropped the official trailer for “The Pendragon Cycle: Rise of the Merlin,” the highly anticipated seven-part cinematic retelling of Stephen R. Lawhead’s epic that reimagines the dawn of Arthurian legend. 

Like all great trailers, this one gives eager fans a glimpse into the world of Pendragon, a visual masterpiece about the birth of Britain itself. 

As pagan gods fall silent and empires collapse, Merlin becomes the bridge between myth and history, the prophet who shapes the destiny of kings and the legend that will outlive them all.

This is not a fairy tale in the traditional sense, but is rather an origin story for a man who set in motion the rise of a civilization. 

“What is it to be a man? To have a mission? To believe in God and in Christ in a world not receptive to that?” asked series creator and director Jeremy Boreing. “If God is real, He must be God of now and of then.”

Boreing said this project has been a lifelong dream come true. 

“The Pendragon Cycle is among the largest, most ambitious independent series ever produced,” Boreing said. “It represents the culmination of a ten-year vision to create culture, not just to criticize it. Lawhead’s novels present a visceral, masculine Christianity in a world of conflict and mystery. It isn’t saccharine or clean. In short, it is very much like our world. I’m so happy to share our adaptation, and the work of our remarkable cast and crew, with the Daily Wire audience.”

Mark your calendars: the series premieres exclusively on DailyWire+ January 22, 2026, with new episodes arriving weekly. And best of all,  All Access members get an early gift: Episodes 1 & 2 drop December 25, 2025. That means DailyWire+ subscribers will be front-row for the first chapter of the legend this Christmas. 

Right now, DailyWire+ annual memberships are fifty percent off during our Black Friday sale. Join now at dailywire.com/blackfriday.

Every small detail of The Daily Wire’s first long-form, cinematic live-action series was planned to immerse viewers into the story, from the props to the sets to the music. Tonight, the first track from “The Pendragon Cycle” soundtrack is also available on YouTube, Apple Music, Amazon Music, Spotify, and anywhere else you get your music. Listen to it here:

Behind-the-scenes footage highlights the production quality that rivals the biggest fantasy shows put out by major networks. Multiple production diaries provided fans a glimpse of the endless challenges and the grand scope of the production, including the costumes, the stunning locations, and the epic battle scenes that take place during the series.

Watch the trailer now and prepare for a journey like never before, then become a member to get early access by visiting: https://get.dailywire.com/pendragon-cycle/.

The Pendragon Cycle arrives January 22, 2026. Be there when the legend begins.