The sanctions are intended as part of a broadened effort to choke off the revenue and supplies that fuel Moscow’s invasion of ...

ABC News contributor Steve Hill says the sanctions on Russian oil companies will greatly impact an "already fragile Russian economy." ...

US President Donald Trump has announced what he called "tremendous" new sanctions against two of Russia's largest oil ...

Oil prices rose nearly 5% on Thursday after the U.S. imposed sanctions on major Russian suppliers Rosneft and Lukoil over ...

Traders are pondering whether the United States and its allies are finally getting serious about restricting Russian energy.

It is increasingly difficult for Putin to finance his war. Every Euro we deny Russia is one it cannot spend on war." ...

Trump has tried to strongarm both Putin and Ukrainian President Volodymyr Zelenskyy at different times during his second term ...

Trump's sanctions come as the EU agreed to impose new measures targeting Moscow's oil and gas revenues, which together are ...

US measures against Rosneft and Lukoil will hurt Russia - but probably not enough to stop Ukraine war. Here's why.

The strongest action was in the oil market, where the price for a barrel of benchmark U.S. crude climbed 4.9% to $61.35. The ...

Hours after President Trump imposed sweeping sanctions on Russia’s two largest oil companies, Moscow on Wednesday denounced ...

MOSCOW () -The United States has imposed sanctions on Russia's largest oil companies, Lukoil and Rosneft, in Washington's ...