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 leader to end the war in Ukraine, a move that pushed global oil prices up 5 percent. The US sanctions prompted Chinese state oil majors to suspend Russian oil purchases in the short term, trade sources told Reuters. Refiners in India, the largest buyer of seaborne Russian oil, are set to sharply cut their crude imports, according to industry sources.

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

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

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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

The US president’s decision to impose sanctions on Russian oil firms is a move that shows he’s losing patience with Putin, writes Keir Giles. But more action will be needed to…

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.

China and India likely to scale back Russian oil imports as Trump tries to bring an end to war in Ukraine

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.