Trump has held off on new sanctions for months, saying he hoped to persuade Russian President Vladimir Putin to make peace despite growing frustration with the Kremlin leader. Wednesday's announcement comes a day after a planned Trump-Putin summit in Budapest was scrapped.

President Donald Trump and Russian President Vladimir Putin are no longer meeting in Budapest as was announced just last week.

The announcement comes as NATO Secretary-General Mark Rutte was due to meet with Donald Trump in Washington.

Trump has held off on new sanctions for months, saying he hoped to persuade Russian President Vladimir Putin to make peace despite growing frustration with the Kremlin leader.…

Trump administration hardens stance against the Kremlin day after cancelling a planned summit in Budapest

Five days after calling for an end to the war in Ukraine along existing lines, which would reward Putin for invading, Trump announces sanctions on Russian oil.

Trump, who has to date not put sanctions on Russia over the war and instead relied on trade measures, says Rosneft and Lukoil will be targeted. Key US politics stories from…

US president imposes sanctions as his patience wears thin over Moscow's inaction in ending the war in Ukraine.

The measures taken against Rosneft and Lukoil mark the first time the US has sanctioned Russia since Donald Trump’s return to office in January

There was a stony silence in Moscow a day after President Donald Trump signalled he had lost his patience with Russian President Vladimir Putin.

New sanctions unveiled just a day after Trump said he would cancel ‘wasted’ meeting with Putin in Budapest

The BBC's Russia editor says Trump's decision to call of his Putin talks and impose oil sanctions will not go down well in Moscow.

MOSCOW: Russian President Vladimir Putin remained defiant on Thursday after US President Donald Trump hit Russia’s two biggest oil companies with sanctions to pressure the Kremlin…