The Latest Breaking News from Vladimir Putin

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 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.

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

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.

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.”

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

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

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

Trump administration hardens stance against the Kremlin day after cancelling a planned summit with Russian leader