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 Wednesday 22 October

The Trump administration on Wednesday imposed further sanctions on Russia’s two largest oil companies, citing “Russia’s lack of serious commitment to a peace process to end the…

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

Treasury Secretary Scott Bessent announced the tough new measures against Moscow after White House scrapped plans for talks with Putin

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…

WASHINGTON: Treasury Secretary Scott Bessent announced new sanctions Wednesday against Russia’s two biggest oil companies and blasted Moscow’s refusal to end its “senseless war”…

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

Rolling coverage of the latest economic and financial news

President Donald Trump announced new sanctions against Russian oil companies Lukoil and Rosneft amid growing frustration over the war in Ukraine.

Assets in US belonging to Rosneft and Lukoil frozen, and American firms barred from doing business with them

The new measures target Moscow's ability to fund its war machine, the US Treasury said.

The Trump administration imposed sanctions after talks at ending the war on Ukraine stalled

US measures against Rosneft and Lukoil will hurt Russia - but probably not enough to stop Ukraine war. Here's why.

Donald Trump ha annunciato nuove e pesanti sanzioni contro Rosneft e Lukoil, due giganti del petrolio russo. L’obiettivo: aumentare la pressione su Mosca per porre fine alla…

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

The Trump administration could take an even harder line on Russia next year as the crude market faces a looming surplus.

Oil had one of its biggest days of the year after the U.S. added new sanctions on Russian energy firms, but tight futures positioning set the stage for the big move.

"If our oil and petroleum products volumes slump on the world market, it will lead to a spike in the price of oil and petroleum products, including at the gas stations, and the…