European leaders have agreed to meet Ukraine’s “pressing financial needs” for the next two years but stopped short of endorsing a plan to use frozen Russian assets to fund a loan to Kyiv.

President Donald Trump's administration announced Wednesday new "massive sanctions" against Russia's oil industry that are aimed at bringing an end to Moscow's brutal war on Ukraine.

Treasury Secretary Scott Bessent has announced new sanctions against Russia's two biggest oil companies and blasted Moscow's refusal to end its "senseless war."

The BBC's Russia editor says Trump's decision to call off his Putin talks and impose oil sanctions will not go down well in Moscow.

President Donald Trump imposed sanctions on Russia's largest oil companies Rosneft and Lukoil while canceling his planned summit with Russian President Vladimir Putin.

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

Britain on Friday called for a raft of measures against Russia to strengthen Ukraine's hand ahead of any future peace talks, as Ukrainian President Volodymyr Zelenskiy heads to London for discussions with key allies.