The United States has prepared additional sanctions that could be imposed on key sectors of the Russian economy if Kremlin leader Vladimir Putin continues to stall on ending the war. Details: US officials have told their European counterparts that they support the European Union using frozen Russian assets to purchase American weapons for Ukraine.

The Vankor field, spread over an area of 416.5 square kilometers, is located in the north-eastern part of the West Siberian Basin, around 142 km from Igarka in Russia.

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.

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.

Kirill Dmitriev, a Kremlin special envoy, is reported to have arrived in the United States for "official" talks following the imposition of sanctions on Russia's oil sector and the cancellation of a planned summit between US President Donald Trump and Russian leader Vladimir Putin in Hungary.

The United States hit Russia's major oil companies with sanctions and accused the Russians of a lack of commitment toward ending the war in Ukraine, as Moscow conducted a major training exercise involving nuclear arms.

China likes to condemn the United States for extending its arm too far outside of its borders to make demands on non-American companies. But when it sought to hit back at the U.S. interests this month,