Oil and gas revenue is expected to account for around 27% of Russia's federal revenue in 2025, according to a draft budget viewed by Reuters.

Biden administration officials say the sanctions are being imposed now because they are not likely to add to inflation

The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil producers and nearly 200 tanker ships.

Joe Biden is expected to unveil new sanctions targeting Russia's economy as part of measures to bolster Kyiv's war effort before Donald Trump takes office.

Brussels is reportedly assessing the potential impact of President-elect Donald Trump reversing Biden-era sanctions on Russia.

President-elect Donald Trump should get tough on countries using chemical weapons in breach of agreed international conventions, such as Russia.

More than 180 oil-carrying vessels that are suspected to be part of a shadow fleet utilised by the Kremlin to evade oil sanctions as well as traders, oil field service firms and Russian energy officials are also targeted by the new sanctions.

President Joe Biden is expected to unveil new sanctions targeting Russia's economy this week, according to a U.S. official, as part of measures to bolster Kyiv's war effort against Moscow before Donald Trump takes office.

The U.S. Departments of Treasury and State Friday applied new sanctions on Russia's oil production and exports. Sanctioned were oil companies, 183 ships, dozens of oil traders, insurance companies and energy officials.

The Group of Seven democracies have sought to crimp Russia’s oil export earnings that help fund the war against Ukraine.

Winning the space race is far more important than remaining committed to any one contractor. U.S. decision makers should do what needs to be done without delay.