91 m. 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

9 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

10 h. ago US sanctions major Russian oil companies and calls for Moscow to accept immediate Ukraine ceasefire – live

Trump says he canceled meeting with Putin because ‘we have good conversations but then they don’t go anywhere’US imposes sanctions on Russian oil over Putin’s ‘refusal’ to end war in UkraineMike Johnson said that he hasn’t spoken with the president about a New York Times report that he is seeking $230m from his own justice department in damages over past federal investigations.“I know that he believes he’s owed that reimbursement. What I heard yesterday was, if he receives it, he was going to consider giving it to charity,” he said. Continue reading...

Events

10 h. ago United States targets Russian oil giants over Vladimir Putin’s refusal to end 'senseless' war in Ukraine

Scott Bessent claimed the measures against Rosneft and Lukoil will ‘degrade’ the Kremlin’s military efforts

Events

10 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

10 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

11 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

16 h. ago Zelenskyy calls Trump’s proposal to freeze war at current frontlines ‘good compromise’

US president’s remark seen as modest win for Ukrainian leader, who acknowledges Russia will not accept proposalEurope live – latest updatesVolodymyr Zelenskyy has voiced support for Donald Trump’s proposal for Ukraine and Russia to freeze the war at the current frontlines, calling it “a good compromise”, even as he acknowledged Moscow had made clear it would not accept the arrangement.“I think that was a good compromise but I’m not sure that Putin will support it, and I said it to the president,” Zelenskyy said on a visit to Oslo, part of a tour of Scandinavia to seek additional military support. Continue reading...

Politics

17 h. ago Why Trump and Putin’s latest summit has collapsed – and what it means for peace in Ukraine

US President Donald Trump said that a meeting between the two leaders would be a ‘waste of time’ as Moscow digs in on its red lines

Politics

20 h. ago NATO scrambles warplanes after devastating Russian strike on Ukraine

The devastating strikes follow reports that a proposed meeting between Vladimir Putin and Donald Trump is off after the Russian President refused to halt his war on Ukraine

Events

20 h. ago Hundreds of Russian troops stranded and starving in ‘death zone’ on Ukraine’s Dnipro river

Russian troops have been forced to drink river water as they lie marooned on the Dnipro delta

Events

20 h. ago Trump’s call to freeze Ukraine conflict at current frontlines is ‘good compromise’, says Zelenskyy – Europe live

Ukrainian president’s comments come amid suspension of planned US-Russian summit and fresh attacks on Kyiv and KharkivChildren among six killed in Russian attack on KyivRussia said on Wednesday that preparation for a presidential summit between Vladimir Putin and Donald Trump was still continuing, despite the latter announcing it had been shelved (see 10.30am BST).“We are saying that preparations for a summit are continuing,” Russian deputy foreign minister Sergei Ryabkov was quoted as saying by the state TASS news agency.I want to officially confirm: Russia has not changed its position compared to the understandings that were reached during the Alaska summit. Continue reading...

Politics

25 h. ago Ukraine hits Russian chemical with British Storm Shadow missiles in ‘massive’ attack

The facility, located in Bryansk Oblast, produces gunpowder and explosives

Events

25 h. ago Ukraine hits Russian chemical plant with British Storm Shadow missiles

Russian facility hit by Storm Shadow ‘produces gunpowder, explosives and rocket fuel components used in ammunition and missiles employed by the enemy to shell the territory of Ukraine’

Events

27 h. ago The EU was complicit in the war in Gaza. Trump's plan can't be an excuse to dodge responsibility now | Nathalie Tocci

Tiptoeing around Israel has cost Europe its credibility. It must exert meaningful pressure to ensure the horrors we have seen never happen againThe first phase of Donald Trump’s plan for Gaza has drawn a collective sigh of relief from European leaders. After two years of slaughter, the ceasefire, the release of Israeli hostages and Palestinian prisoners, the Israeli military’s partial withdrawal from Gaza and humanitarian access to the territory offer hope – and unfortunately, an excuse for Europe to continue doing nothing.When it comes to the war in Gaza, unlike Russia’s invasion of Ukraine, European governments have shown their worst colours. They are divided, and their political splits have led to policy paralysis. But worse than sitting on the sidelines hand-wringing, European governments and EU institutions in Brussels can be accused of complicity in Israel’s war crimes. They have been unwilling to exert any pressure on the perpetrators, while continuing economic, political and...

Politics

35 h. ago Exactly why Donald Trump's meeting with Vladimir Putin was cancelled sparking WW3 fears

Donald Trump and Vladimir Putin had been set to meet in Hungary's capital of Budapest to discuss bringing an end to the war in Ukraine - but those talks have since been put on ice

Politics

35 h. ago Donald Trump’s meeting with Vladimir Putin in Hungary 'cancelled' in blow to peace

The United States president will no longer sit down with his Russian counterpart to discuss the war in Ukraine

Politics

36 h. ago Kyiv and European allies prepare Russia peace plan to keep Trump onside

Measures to be discussed on Friday follow Ukraine’s insistence that talks to end war should be based on current frontline

Politics

37 h. ago Donald Trump’s meeting with Vladimir Putin in Hungary 'cancelled', White House confirms

The United States president will no longer sit down with his Russian counterpart to discuss the war in Ukraine

Politics

39 h. ago Putin accused of ‘stalling’ over Ukraine peace talks as Trump meeting postponed

European leaders including Sir Keir Starmer said Vladimir Putin was not serious about the prospect of an end to the war with Ukraine.

Politics