President Trump abruptly canceled a second meeting with Russian President Putin in Budapest and instead approved new strong sanctions on Russian oil. Former U.S. Ambassador to Ukraine Bridget Brink, who is a Democratic candidate for Congress in Michigan’s 7th district,

Trump’s sanctions come as the EU agreed to impose new measures targeting Moscow’s oil and gas revenues, which together are likely to maintain economic pressure on Russia despite Trump’s faltering peace push and an escalation of the Kremlin’s offensive 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.

America’s latest sanctions on top Russian oil producers throw India’s lucrative energy strategy into disarray, leaving it to navigate soaring costs, disrupted supplies, and the politics of managing relations with Washington and Moscow.

Brent crude and West Texas Intermediate futures jumped 5% following new U.S. sanctions on Russia's largest oil producers to curb Russia's ability to fund its war in Ukraine.

Ukrainian President Volodymyr Zelensky has urged the United States to expand sanctions on Russia’s two biggest oil companies to the whole sector.

European leaders have agreed to meet Ukraine’s “pressing financial needs” for the next two years but stopped short of endorsing a plan to use frozen Russian assets to fund a loan to Kyiv.