38 m. ago Trump's turnaround on sanctions targets Russia's oil companies that fund the war in Ukraine

U.S. President Donald Trump has done a turnaround on sanctions against Russia, taking aim at Russia's two biggest oil companies and the billions of dollars they reap for Moscow's war against Ukraine

Events

85 m. ago Putin says he will never bow to US but concedes sanctions may cause ‘some losses’

China and India likely to scale back Russian oil imports as Trump tries to bring an end to war in UkraineVladimir Putin has said Russia will never bow to US pressure but conceded new sanctions could cause some economic pain, as China and India were reported to be scaling back Russian oil imports after Washington targeted Moscow’s two largest producers.The US on Wednesday imposed sanctions on Rosneft and Lukoil, as well as nearly three dozen of their subsidiaries, as the Trump administration increased pressure on the Kremlin to negotiate an end to its war against Ukraine. The EU separately discussed a loan for Ukraine secured on frozen Russian assets and agreed to a phased ban on the import of Russian liquefied natural gas. Continue reading...

Politics

2 h. ago Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes

Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in an attempt to get Russian President Vladimir Putin to the negotiating table and end Moscow’s brutal war on Ukraine

Events

2 h. ago Putin calls new US sanctions an ‘unfriendly act’ but claims they won’t affect Russian economy – Europe live

Russian president says Moscow will deliver ‘overhwleming’ response to strrikes inside RussiaThe Ukrainian president, Volodymyr Zelenskyy, urged European Union leaders on Thursday to agree as soon as possible on a plan to use frozen Russian assets to support Ukraine.Zelenskyy, who is visiting Brussels, said on X that the proposed mechanism for using frozen Russian assets was entirely legal and fair. He said Ukraine would use a significant part of the assets to buy weapons from its European allies. Continue reading...

Politics

4 h. ago Which countries buy Russian oil – and what impact will sanctions have?

The Trump administration imposed sanctions after plans to hold a second summit on ending the war in Ukraine were abandoned

Politics

5 h. ago New sanctions and weapons will not stop Russia. It’s time for Ukraine’s allies to change their flawed strategy | Christopher S Chivvis

A negotiated settlement would be unfair and frustrating. But after nearly four years of fighting, it may be the best optionOn Wednesday, President Trump imposed substantial new sanctions on Russia’s giant oil and gas companies, and lifted restrictions on the use of certain long-range missiles by Ukraine, which will now be able to strike more freely into Russia itself. These moves come on the heels of Trump’s conversations last week with Vladimir Putin and Volodymyr Zelenskyy, after which the US president expressed his frustration at both side’s intransigence. Trump had hoped to end this war long ago. Will this be enough?When Russia launched its full-scale invasion of Ukraine in February 2022, the US and its allies chose a strategy that aimed to use Washington’s awesome political, economic and military power to impose such high costs on Russia that the Kremlin would sue for peace on Ukraine’s terms. This “cost-imposition” strategy makes sense in theory. The problem is that, in practi...

Events

5 h. ago Donald Trump 'fully on warpath' with Putin after Russian military funds slashed

Vladimir Putin's allies have spoken out after Donald Trump's administration imposed sanctions on Russia's two largest oil producers that bankroll the country's military

Events

6 h. ago King Charles becomes first British monarch to pray publicly with pope in 500 years – Europe live

King and pontiff took part in joint worship in Sistine Chapel during Charles’s visit to Vatican with CamillaThe Ukrainian president, Volodymyr Zelenskyy, urged European Union leaders on Thursday to agree as soon as possible on a plan to use frozen Russian assets to support Ukraine.Zelenskyy, who is visiting Brussels, said on X that the proposed mechanism for using frozen Russian assets was entirely legal and fair. He said Ukraine would use a significant part of the assets to buy weapons from its European allies. Continue reading...

Politics

6 h. ago Which countries buy Russian oil and what is the financial hit from sanctions?

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

Economics

6 h. ago Putin ally accuses Trump of an 'act of war' against Russia after US president imposed new oil sanctions

Medvedev said on Thursday it was now absolutely clear that the United States was Russia's adversary.

Politics

7 h. ago King Charles becomes first British monarch to pray with pope in 500 years – Europe live

King and pontiff took part in joint worship in Sistine Chapel during Charles’s visit to Vatican with CamillaThe Ukrainian president, Volodymyr Zelenskyy, urged European Union leaders on Thursday to agree as soon as possible on a plan to use frozen Russian assets to support Ukraine.Zelenskyy, who is visiting Brussels, said on X that the proposed mechanism for using frozen Russian assets was entirely legal and fair. He said Ukraine would use a significant part of the assets to buy weapons from its European allies. Continue reading...

Politics

7 h. ago EU joins US in heaping more sanctions on Russia to push Putin into Ukraine peace talks

The European Union has imposed more economic sanctions on Russia, adding to measures by U.S. President Donald Trump against the Russian oil industry

Politics

7 h. ago Putin ally accuses Trump of an 'act of war' against Russia after US president imposed new oil sanctions 

Medvedev said on Thursday it was now absolutely clear that the United States was Russia's adversary.

Politics

8 h. ago Kremlin issues chilling WW3 threat as ranting Putin ally accuses Trump of an 'act of war' against Russia after US president imposed new sanctions

Medvedev said on Thursday it was now absolutely clear that the United States was Russia's adversary.

Politics

9 h. ago Ukraine pounds Putin oil refinery with drones hours after Trump imposed sanctions on Moscow's oil giants

The strike set the massive Ryazan refinery ablaze overnight, sending flames above one of the country's largest industrial plants.

Politics

12 h. ago Oil price jumps after US sanctions Russia’s Rosneft and Lukoil; White House considers software curbs on China – business live

Rolling coverage of the latest economic and financial newsThe oil price has jumped after the US has sanctioned Russia’s two largest oil companies to increase pressure on the Kremlin to negotiate an end to its war against Ukraine.The White House’s new measures against Rosneft and Lukoil are the US’s first sanctions against Russia since Trump’s return to office in January. All assets belonging to the two companies in the US have been frozen, and US companies and individuals will be barred from doing business with them. Continue reading...

Events

20 h. ago US imposes sanctions on Russian oil over Putin’s ‘refusal’ to end war in Ukraine

Trump administration hardens stance against the Kremlin day after cancelling a planned summit with Russian leaderThe US has sanctioned Rosneft and Lukoil, Russia’s two largest oil companies, as the Trump administration increased pressure on the Kremlin to negotiate an end to its war against Ukraine.The sanctions were the first against Russia since Donald Trump returned to the White House in January, and were targeted to cut key revenues from oil sales that finance the Russian war machine. Continue reading...

Politics

20 h. ago Trump slaps crippling new sanctions on Russia after snubbing meeting with Putin

President Donald Trump on Wednesday announced major new sanctions on Russia, after his proposed meeting with President Vladimir Putin in Budapest was nixed.

Politics

21 h. ago Trump slaps Russia’s biggest oil companies with sanctions over Ukraine war: ‘Now is the time to stop the killing’

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

Events

21 h. ago Trump steps up pressure on Putin to agree ‘immediate ceasefire’ as he slaps Russia with direct sanctions

PRESIDENT Donald Trump has imposed direct sanctions on Russia to pressure Vladimir Putin to agree to an "immediate ceasefire" in the Ukraine war. It is the first time in his second term that Trump slapped direct sanctions on Russia - and it comes amid his growing frustration with Moscow over the raging war. The sanctions...

Politics