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

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

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.

A top Kremlin official said President Donald Trump had launched an "act of war" against Russia with fresh sanctions on its largest oil companies and the cancellation of a proposed summit with Russian President Vladimir Putin.

After months of restraint, President Trump’s move to blacklist Lukoil and Rosneft will hit Russia where it hurts.

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.

Vladimir Solovyov, a broadcaster with ties to Russian President Vladimir Putin, has condemned U.S. President Donald Trump over tough sanctions announced against Russian oil giants that could deal a blow to Moscow’s war machine.

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

Brent crude and West Texas Intermediate futures jumped 5% following new U.S. sanctions on Russia's largest oil producers to curb Russia's ability to fund its war in Ukraine.

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.

For months, President Donald Trump resisted calls to slap new sanctions on Russia, believing he could end the war in a deal with Vladimir Putin — including with a quick peace summit in the coming weeks in Budapest.