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

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

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

The European Union on Thursday formally adopted sweeping sanctions targeting Russia's energy sector, a day after the United States announced punitive measures against the…

The European Union's latest package of sanctions targeting Russia includes a ban on Russian liquefied natural gas (LNG) imports.

“We waited for this. God bless, it will work," Ukrainian President Volodymyr Zelenskyy said.

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

Russian Foreign Ministry lambasts confiscation of frozen assets as 'theft', vowing a "painful response".

EU ministers meet hours after the EU and the US announced new sanctions against Russia's oil industry.

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…

KYIV: Ukrainian President Volodymyr Zelensky urged Kyiv’s allies on Friday to introduce sanctions against all Russian oil companies, its shadow fleet and oil terminals to disrupt…

Zelenskyy calls for expanded U.S. sanctions on Russian oil and requests long-range missiles to counter ongoing aggression.