Sberbank CEO German Gref said Russia is so fixated on fighting inflation that it's forgetting about economic growth.

The remarks came after Washington imposed new sanctions on Russia’s top oil producers, Rosneft and Lukoil, in an attempt to pressure Moscow into agreeing to a ceasefire in Ukraine, where peace talks have stalled.

The Trump administration on Wednesday imposed sanctions on Russia’s two largest oil companies as it called on Moscow to agree to an immediate ceasefire in the war with Ukraine.

President Donald Trump on Monday took aim at Russia’s announcement that it has tested a nuclear-powered missile that can go more than 8,000 miles, telling President Vladimir Putin that he “ought to get the war ended” instead.

Russian Foreign Minister Sergei Lavrov said on Tuesday that Moscow is prepared to give NATO and EU countries a non-aggression guarantee, reiterating that Russia has no intention of attacking any of their current members.

Russian troops are making a concerted push in eastern Ukraine and have gained a foothold in the strategic hub of Pokrovsk, Ukrainian President Volodymyr Zelensky says. Moscow's soldiers outnumber Kyiv's 8-1 in the area and Ukraine cannot match that, Zelensky added while insisting Russia had not yet "achieved the planned result".

Sharaa's visit to Moscow in mid-October, in which he pledged to honor the agreements between the two countries.