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.

Ukrainian President Volodymyr Zelenskyy on Friday urged the United States to expand sanctions on Russian oil from two companies to the whole sector, and appealed for long-range missiles to hit back at Russia.

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.

Ukrainian President Volodymyr Zelensky has urged the United States to expand sanctions on Russia’s two biggest oil companies to the whole sector.

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.

United States targets Russian oil giants over Vladimir Putin’s refusal to end 'senseless' war in Ukraine - Scott Bessent claimed the measures against Rosneft and Lukoil will ‘degrade’ the Kremlin’s mi

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,