Together with Russia’s third and fourth biggest producers, Gazprom Neft and Surgutneftegaz, targeted in the last days of the Biden White House, the US has now blacklisted Russia’s top four oil companies, accounting for about four-fifths of its oil exports.

US President Donald Trump has announced what he called "tremendous" new sanctions against two of Russia's largest oil companies, in a bid to pressure Moscow into ending its war on Ukraine. The measures target Rosneft and Lukoil - two major oil corporations that help fund the Kremlin's "war machine", according to US Treasury Secretary Scott Bessent.

U.S. officials also told European counterparts that they support the EU using frozen Russian assets to buy U.S. weapons for Kyiv.

The European Union has imposed more economic sanctions on Russia. The new penalties announced on Thursday add to measures by U.S.

The Trump administration on Wednesday imposed sanctions on Russia’s two largest oil companies as it called on Moscow to agree to an immediate ceasefire in the war with Ukraine.

The US government jolted energy markets when it sanctioned Russia’s two biggest crude oil producers on Oct. 22. All eyes are now on how the sanctions will affect the supply and price of petroleum across the world.

Days after canceling a planned summit with Putin, citing a lack of progress toward ending the war in Ukraine, Trump took a major step by effectively blacklisting Rosneft and Lukoil.

Hungary’s Prime Minister Viktor Orbán was delighted to learn last week that Russia and the United States had chosen his country as the venue for another summit on ending the war in Ukraine.

Zelenskyy was in London for talks with two dozen European leaders who have pledged military support to shield his country from future Russian aggression.View on euronews

Ukrainian President Volodymyr Zelenskyy on Friday urged the United States to expand sanctions on Russian oil from two companies to the whole sector, and appealed for long-range missiles to hit back at Russia.

U.S. prosecutors have accused a former executive of a government contractor that provides cyber intelligence tools to federal agencies of selling trade secrets to a buyer in Russia for $1.3 million.

The Ministry of Foreign Affairs of the Russian Federation said the United States is escalating covert operations in Latin America, adding that the U.S. Navy destroyed six alleged drug-running vessels in the Caribbean and the CIA was authorized for secret missions in Venezuela.