Oil and gas revenue is expected to account for around 27% of Russia's federal revenue in 2025, according to a draft budget viewed by Reuters.

Biden administration officials say the sanctions are being imposed now because they are not likely to add to inflation

Joe Biden is expected to unveil new sanctions targeting Russia's economy as part of measures to bolster Kyiv's war effort before Donald Trump takes office.

Oil prices surged on Friday and were on track for a third straight week of gains as traders focused on potential supply disruptions from more sanctions on Russia. Brent crude futures gained $2.50, or 3.

Brussels is reportedly assessing the potential impact of President-elect Donald Trump reversing Biden-era sanctions on Russia.

President-elect Donald Trump should get tough on countries using chemical weapons in breach of agreed international conventions, such as Russia.

The “pro-peace” president-elect is now threatening to destabilize the global order by using military force to expand America’s borders

The United States announced widespread sanctions against Russia's energy sector Friday, designating more than 180 ships and two major oil companies just days before outgoing President Joe Biden leaves office.

The United States and Britain on Friday announced sanctions against Russia's energy sector, including oil giant Gazprom Neft, just days before outgoing President Joe Biden leaves office.

President Joe Biden is expected to unveil new sanctions targeting Russia's economy this week, according to a U.S. official, as part of measures to bolster Kyiv's war effort against Moscow before Donald Trump takes office.

Some Russian state media figures reportedly said the U.S. president-elect's actions could legitimize Russia's own imperialist goals.