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

President Trump announced sanctions on Lukoil and Rosneft, Russia’s two largest oil companies, while restrictions by the European Union included a ban on imports of Russian liquefied natural gas.

The Ukrainian diplomatic corps is convinced that personal sanctions against Kirill Dmitriev, CEO of the Russian Direct Investment Fund and a member of the Kremlin's negotiation team, should be reinstated and strengthened.

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.

The sanctions are among the most significant measures that the United States has taken against the Russian energy sector since the beginning of the war in Ukraine.

Zelenskyy was in London for talks with two dozen European leaders who have pledged military support to shield his country from future Russian aggression.View on euronews

U.S. officials also told European counterparts that they support the EU using frozen Russian assets to buy U.S. weapons for Kyiv.

The European Union on Thursday formally adopted sweeping sanctions targeting Russia's energy sector, a day after the United States announced punitive measures against the Kremlin's oil industry.

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.