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The Latest Breaking News from Russia

Belgium demands change in plan to use frozen Russian assets for Ukraine

The European Union’s executive branch has been developing a plan to use Russia’s frozen assets as collateral to drum up funds

The Independent UK

Oil price jumps and FTSE 100 hits new high after Trump puts sanctions on Russian firms

Assets in US belonging to Rosneft and Lukoil frozen as shares in Shell and BP rise by 3%

The Guardian - UK

UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits record high – as it happened

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects ahead

The Guardian - UK

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Asian shares retreat and crude prices soar $2 after Trump sanctions Russian oil giants

Shares are mostly lower in Asia following a retreat on Wall Street, while crude prices jumped more than $2 after U.S. President Donald Trump announced sanctions on Russian oil giants

The Independent UK

Putin supervises nuclear forces drills as sanctions mount on Russia over its war against Ukraine

The Kremlin said as part of Moscow’s nuclear triad and drills, an intercontinental ballistic missile was test-fired from the Plesetsk launch facility in northwestern Russia, and a Sineva ICBM was launched by a submarine in the Barents Sea.

Euronews

Ukraine unveils upgraded 'Sea Baby' drone it says can strike anywhere in the Black Sea

The range of the "Sea Baby" has been expanded from 1,000 kilometres to 1,500 kilometres and it can carry up to 2,000 kilograms of payload.

Euronews

Will US sanctions on Russian oil companies be effective, and why is Trump imposing them now?

Measures against Rosneft and Lukoil mark first time US has imposed sanctions on Russia since Trump’s return to office

The Guardian - AU

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Freezing the war at current frontlines is 'a good compromise,' Zelenskyy says

Ukraine and Europe are pushing for a ceasefire along the current frontlines as a first step towards any peace agreement. They hope that US President Donald Trump will support the idea and put more pressure on Moscow to accept it.

Euronews

EU Seeks To Shore Up Ukraine As Trump Wavers On Peace Push

EU leaders will look Thursday to greenlight a potential mammoth new loan for Ukraine using Russian frozen assets, in a bid to bolster Kyiv as US President Donald Trump vacillates on peace efforts with Moscow.

International Business Times

Ukraine-Russia war latest: Kyiv allies pledge to take Russian oil off market to ‘choke’ Putin’s war machine

Sir Keir Starmer said allies had agreed a ‘clear plan for the rest of the year’ on supporting Ukraine

The Independent UK

Crude Spikes As Trump Threatens Russian Giants, Stocks Turn Lower

Crude prices spiked more than two percent Thursday after Donald Trump said he would hit two Russian oil companies with hefty sanctions, while talk that the White House was planning curbs on software exports to China added to gloom on markets.

International Business Times

Trump Freezes Out Moscow, Full Sanctions Slapped On Russian Oil Giants Rosneft And Lukoil — Crude Oil Futures Surge

In a sweeping escalation of economic pressure on Russia, the U.S. Department of the Treasury said that it will be imposing full blocking sanctions on its two largest oil companies, Rosneft and Lukoil, citing Moscow’s “lack of serious commitment to a peace process to end the war in Ukraine.”

Benzinga

Ukraine war briefing: Ukrainians may get Gripen fighter jets bought with Russian money

Double dose of Russian oil sanctions from EU and US; freezing war at current frontlines is ‘good compromise’, says Zelenskyy. What we know on day 1,338

The Guardian - AU

Trump news at a glance: Oil prices jump after president puts sanctions on Russia in major policy shift

Trump, who has to date not put sanctions on Russia over the war and instead relied on trade measures, says Rosneft and Lukoil will be targeted. Key US politics stories from Wednesday 22 October

The Guardian - US

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The Guardian - US

US sanctions major Russian oil companies and calls for Moscow to accept immediate Ukraine ceasefire – as it happened

Trump says he canceled meeting with Putin because ‘we have good conversations but then they don’t go anywhere’

Axios

U.S. sanctions Russia's 2 biggest oil firms after Trump cancels Putin summit

This is the first time the U.S. has imposed sanctions against Russia over the war with Ukraine since Trump assumed office.

The Guardian - UK

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 leader

Evening Standard

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

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The Independent UK

British and German military aircraft join forces to hunt down Russian submarines

British and German forces will jointly conduct defensive patrols for Russian submarines from RAF Lossiemouth

Euronews

EU and US impose new sanctions on Russia to force ceasefire in Ukraine

The Trump administration has imposed sanctions on Russian energy majors for the first time, citing Moscow's "lack of serious commitment to a peace process to end the war". In parallel, the EU also adopted fresh sanctions.

The Independent UK

North Korea has stolen billions in cryptocurrency and tech firm salaries, report says

North Korean hackers have stolen billions of dollars by breaking into cryptocurrency exchanges and by creating fake identities to get remote jobs for foreign tech firms, a new report finds

Barchart

Crude Prices Jump on Possible US-India Trade Deal and Lower EIA Inventories

December WTI crude oil (CLZ25 ) on Wednesday closed up +1.26 (+2.20%), and December RBOB gasoline (RBZ25 ) closed up +0.0375 (+2.12%). Crude oil and gasoline prices rallied sharply on Wednesday, posting one-week highs. Crude prices jumped on Wednesday after India's Mint newspaper reported that the US and India are...

The Independent UK

Russia bombards Ukraine - but Putin still tries to salvage Budapest summit with Trump

Volodymyr Zelensky says attacks show Russia is not serious about diplomacy

Axios

Trump's multi-million request puts DOJ integrity to the test, legal scholars say

"The basic ethical rules for the federal government are just completely in tatters right now," one legal scholar said.

Roll Call

Senate bills pressuring Russia advance into uncertain future - Roll Call

Congressional actions on Ukraine demonstrate support remains strong among majorities of both parties on Capitol Hill.

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