7 h. 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

7 h. ago Europe must go further and faster to break Russia’s war machine

Editorial: Donald Trump’s sanctions on Russian oil are a welcome shift from a changeable president – but Ukraine needs its European allies to do much more to hit Putin where it hurts

Events

9 h. ago Putin responds to Trump's sanctions as 'pressure doesn't work on self

This is a breaking news story and is being constantly updated by our reporters as the breaking news story develops

Politics

9 h. ago Putin breaks silence over 'unfriendly act' in chilling warning to Trump

The Russian despot has said in a chilling statement this evening that 'dialogue is always better than war' after Donald Trump hit the country with new sanctions

Events

11 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

12 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

12 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

13 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

13 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

14 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

14 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

15 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

16 h. ago Will Trump’s new sanctions on Russian oil companies actually work to stop Putin?

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

Politics

16 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

19 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

27 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

27 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

28 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

28 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

29 h. ago Trump administration teases ‘substantial pickup in Russia sanctions’ after summit plans aborted

Treasury secretary teases new measures against Moscow after White House scraps plans for talks over Ukraine war

Politics