The European Union has imposed more economic sanctions on Russia. The new penalties announced on Thursday add to measures by U.S.

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.

Trump said Oct. 22 that the sanctions "certainly will have an impact" on Russia and that he hopes Putin will "become reasonable."

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.

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

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.

By Andrew Osborn, Jeff Mason and Timothy Gardner MOSCOW (Reuters) -Russian President Vladimir Putin remained defiant on Thursday after U.S. President Donald Trump hit Russia's two biggest oil companies with sanctions to pressure the Kremlin leader to end the war in Ukraine,

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.

The Ukrainian diplomatic corps is convinced that personal sanctions against Kirill Dmitriev, CEO of the Russian Direct Investment Fund and a member of the Kremlin's negotiation team, should be reinstated and strengthened.