The Latest Breaking News on 'More pressure on Russia, that's the plan,' Zelenskyy tells EU leaders in Brussels

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

THE INDEPENDENT VIEW: Editorial: Donald Trump’s sanctions on Russian oil are a welcome shift from a changeable president – but Ukraine needs its European allies to do much more to hit Putin where it hurts

December WTI crude oil (CLZ25 ) today is up +2.97 (+5.08%), and December RBOB gasoline (RBZ25 ) is up +0.0693 (+3.83%). Crude oil and gasoline prices are moving sharply higher today for a second day, with crude posting a 2-week high and gasoline posting a 3-week high. Crude prices soared...

Donald Trump has finally decided to hit Russia with sanctions – the first package he has imposed since he came back to the White House in January.

Ukrainian president Volodymyr Zelensky on Thursday urged European leaders to quickly allow his country to use €140 billion in frozen Russian assets to repair the damage caused by the three-year war with Russia.

A negotiated settlement would be unfair and frustrating. But after nearly four years of fighting, it may be the best option, says Christopher S Chivvis of the Carnegie Endowment for International Peace

The Defence Secretary was speaking alongside his German counterpart Boris Pistorius at RAF Lossiemouth in northern Scotland.

Moscow has denied that the latest round of sanctions by the EU and the new strict measures by Washington will have any effect on its economy or its war strategy, signalling that Russia will not back down on its invasion of Ukraine or agree to a ceasefire.

The Trump administration imposed sanctions after plans to hold a second summit on ending the war in Ukraine were abandoned