Rolling coverage of the latest economic and financial news

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

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”…

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

U.S. decision to sanction Russia's two largest oil companies threatens to disrupt the energy lifeline of India and China, industry experts said.

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

Donald Trump has imposed restrictions on Russia’s two largest oil firms, while the EU has adopted a ban on LNG imports

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…

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.

The recent increase in oil prices represents the market correction, noted the Chief Oil Analyst at Turner Mason & Co

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…