Us Breaking News Us And Uk Toughens Sanctions On Russian Oil Industry

Will US Sanctions on Russian Oil Upend the Global Market?

The US government jolted energy markets when it announced sanctions on Russia’s two biggest crude oil producers on Oct. 22. All eyes are now on how global oil supply and prices will react after the ... Read More

Sanctions have choked Russia's oil industry, a key source of Kremlin funds, U.S. Treasury finds

A Treasury Department analysis indicates that new U.S. sanctions on Russian oil producers have sent prices there tumbling, choking off a key revenue source that Russia has used to fund its war in ... Read More

Explainer: How US sanctions on Russian oil majors will impact the rouble and economy

Here is a look at how U.S. sanctions on Russian oil firms Rosneft and Lukoil, which take effect at 1701 GMT on Friday, may affect the Russian foreign currency market. Read More

Trump Sanctions Look to Tighten the Screw on Russia’s Oil Income

When the US imposed its first major sanctions on Russia's petroleum industry since Donald Trump’s return to the White House, the oil market briefly dived into chaos. Refiners in India, a major market ... Read More

A bad week for Hungary’s strongman leader as Trump-Putin summit scrapped and US sanctions Russia

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. Having ... Read More

US sanctions on big Russian oil firms are having their intended effect, Treasury official says

US sanctions on big Russian oil firms are having their intended effect, Treasury official says - The Trump administration says it's seeing signs that its sanctions on Russian oil producers are working ... Read More

Lukoil to Sell Foreign Assets amid Sanctions

(Update) October 28, 2025, 10:00 AM GMT+1: Article updated with details throughout. Lukoil PJSC, Russia's second-largest oil producer, announced plans to sell international assets after being hit by ... Read More

How the U.S.'s new sanctions on Russia could impact the war in Ukraine

The Trump administration has levied new sanctions against Russia, targeting the country's oil industry. NPR's Ayesha Rascoe speaks with journalist Stephanie Baker about the implications. The Trump ... Read More

Kremlin on U.S. effort to wean India and China off Russian energy: we offer a top commodity at a good price

U.S. declared sanctions against top Russia's oil producers New sanctions aim to pressure Moscow into a Ukraine ceasefire Up to Russia's partners to decide, the Kremlin says Russia offers top quality ... Read More

U.S. Pump Prices Could Soon Spike After Fresh Sanctions On Russian Oil

Previously, we reported that the national average price of gasoline in the United States has dropped below $3 a gallon for the first time in years, in large part due to OPEC+ returning more barrels to ... Read More

How Will U.S. Sanctions on Russia Impact OPEC+ Strategy?

OPEC+ will meet this weekend to decide December output levels, with sources suggesting a modest 137,000 bpd increase. New U.S. sanctions on Rosneft and Lukoil have injected fresh uncertainty into ... Read More