The European Union on Thursday heaped more economic sanctions on Russia, adding to U.S. President Donald Trump's new punitive measures the previous day against the Russian oil industry. Russian President Vladimir Putin called Washington's move an "unfriendly act" that could backfire by spiking global oil prices.

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

Days after canceling a planned summit with Putin, citing a lack of progress toward ending the war in Ukraine, Trump took a major step by effectively blacklisting Rosneft and Lukoil.

Russia is analysing the latest Western sanctions, and will act according to its interests, Kremlin spokesman Dmitry Peskov said on Friday.

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

As Zelenskyy lauds Europe and the U.S. for ramping up economic pressure on Putin over the war in Ukraine, Moscow dismisses them as a counterproductive "act of war."

President Vladimir V. Putin warned of an overwhelming response if the Trump administration arms Kyiv with powerful missiles it seeks.

President Donald Trump’s sanctions against two of Russia’s largest oil companies come as the European Union passes its 19th package targeting the energy sector.

India’s Reliance Industries Ltd. has bought millions of barrels of crude from the Middle East and US after Washington sanctioned two Russian producers, raising concerns about a disruption to oil flows.

Get the latest news and live updates as the government shutdown continues, Trump sanctions Russia in a push for a ceasefire in Ukraine and Rubio heads to Israel amid Gaza truce.