Treasury Secretary Scott Bessent announced new sanctions Wednesday against Russia's two biggest oil companies and blasted Moscow's refusal to end its senseless war as U.S.-led efforts to end the war floundered and the Ukrainian president sought more foreign military help. The sanctions against Rosneft and Lukoil, as well as dozens of subsidiaries, followed months of bipartisan pressure on President Donald Trump to hit Russia with harder sanctions on its oil industry. Now is the time to stop the killing and for an immediate ceasefire, Bessent said in a statement. Given Russian President Vladimir Putin's refusal to end this senseless war, Treasury is sanctioning Russia's two largest oil companies that fund the Kremlin's war machine. Bessent said the Treasury Department was prepared to take further action if necessary to support Trump's effort to end the war. We encourage our allies to join us in and adhere to these sanctions. Bessent made the comments as NATO Secretary General Mark .
Ukrainian President Volodymyr Zelenskyy supports Trump's idea to freeze current war lines, but doubts Russian President Vladimir Putin will agree
Latest news updates: Catch all the latest news developments here
Russia launched a massive drone and missile attack on Ukraine's capital on Wednesday, killing at least two people, Ukrainian officials said. Emergency services rescued 10 people after a fire caused by drone debris hit the sixth floor of a 16-story residential building in the Dnipro district of the capital. Kyiv, where two people were found dead, local authorities reported. The attack also blew out windows of a medical facility and debris was found at another residential building, Kyiv mayor Vitali Klitschko reported on his Telegram channel. In the Darnytskyi district of the capital emergency services were responding after drone debris hit a 17-story residential building causing a fire on five floors. Fifteen people had to be rescued including two children. In the Desnianskyi district, 20 people were rescued after the faade of a 10-story building was damaged and a gas pipe caught fire. Debris from a drone also fell on a dormitory building and rescue workers were headed to the scene
President Donald Trump said on Tuesday his plan for a swift meeting with Russian leader Vladimir Putin was on hold because he did not want it to be a waste of time. It was the latest twist in Trump's stop-and-go effort to resolve the war in Ukraine. The decision to hold off on the meeting in Budapest, Hungary, which Trump had announced last week, was made following a call on Monday between Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov. I don't want to have a wasted meeting, Trump said. I don't want to have a waste of time -- so we'll see what happens. Lavrov made clear in public comments on Tuesday that Russia is opposed to an immediate ceasefire. Trump, meanwhile, has been shifting his stance all year on key issues in the war, including whether a ceasefire should come before longer-term peace talks, and whether Ukraine could win back land seized by Russia during almost four years of fighting. Trump's hesitancy in meeting Putin will likely come as a reli
Lavrov said that the place and the timing of the next Trump-Putin summit was less important than the substance of implementing the understandings reached in Anchorage, Alaska
"I spoke with Prime Minister Modi of India, and he said he's not going to be doing the Russian oil thing," Trump told reporters aboard Air Force One
Trump reiterated that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying "massive" tariffs if it did not do so
In a tense White House meeting, Donald Trump reportedly asked Ukrainian President Volodymyr Zelenskyy to accept Russia's terms to end the war, warning of severe consequences if he refused
The Perle, which was sanctioned by the US earlier this year, is currently anchored parallel to another vessel approximately 90 kilometers (55 miles) east of the Malaysian peninsula
Putin's focus on Donetsk suggests he is not backing away from past demands that have left the conflict in a stalemate, despite Trump's optimism about securing a deal
Russian Ambassador to India Denis Alipov on Thursday said that India’s choices regarding oil imports are based on its national interests, and that Russia’s partnership with India
Russia maintains its position as a leading oil producer, despite unfair competition being used against us, Putin said
In a new twist to the ongoing Ukraine-Russia war diplomacy, US President Donald Trump has claimed that PM Modi has assured him that India will stop importing Russian oil.
The UK government has imposed sanctions to cut Russian oil revenues, targeting Putin's war funding and aiming to block money flowing to the Kremlin
When Russian drones smashed into the Shostka train station in northeastern Ukraine earlier this month, they killed a 71-year-old man, injured at least eight people and left train cars buckled by fire and riddled with shrapnel holes. It was one of the latest examples of what Ukrainian officials say has been a surge since mid-summer in attacks on railways, a critical artery for commercial and military logistics. They are part of Russia's broader targeting of infrastructure that now is being carried out with greater precision thanks to advances in long-range drone technology that include onboard video feed. In the attack in Shostka, less than 70 km from the Russian border, two explosives-laden drones struck two commuter trains in quick succession. Russia has stepped up railway attacks over the past three months, seeking to sow unrest in Ukrainian regions it borders by depriving people there of rail connections, Oleksandr Pertsovskyi, the CEO of the Ukrainian state railway, told The ..
China's biggest state-owned air carriers have hit back at a US proposal to bar them from flying over Russia when travelling to or from the US. The US side has said such flights give Chinese airlines an unfair cost advantage over American carriers, which cannot cross through Russian airspace. Moscow closed Russian airspace to US air carriers and most European airlines in 2022 in response to Western sanctions for Russia's invasion of Ukraine. Air China, China Eastern and China Southern are among six Chinese airlines filing complaints over the order proposed last week to prohibit such flights by Chinese carriers. China Eastern said in its filing this week to the US Department of Transport that the proposed ban would harm the public interest" and "inconvenience travellers from both China and the US. The additional flight time would result in higher costs and elevated air fares, which increases the burden on all travellers, it said. China Southern warned that a Russian airspace ban woul
Latest news updates, October 14: Catch all the latest news developments from across the world here
Russian forces launched powerful glide bombs and drones against Ukraine's second-largest city in overnight attacks, hitting a hospital and wounding seven people, an official said Tuesday, as Ukrainian President Volodymyr Zelenskyy prepared to travel to Washington and ask US President Donald Trump for more American military help. The Russian attack on Kharkiv in Ukraine's northeast hit the city's main hospital, forcing the evacuation of 50 patients, regional head Oleh Syniehubov said. The attack's main targets were energy facilities, Zelenskyy said, without providing details of what was hit. Every day, every night, Russia strikes power plants, power lines, and our (natural) gas facilities, Zelenskyy said on Telegram. Russian long-range strikes on its neighbour's power grid are part of a campaign since Moscow launched a full-scale invasion in February 2022 to disable Ukraine's power supply, denying civilians heat and running water during the bitter winter. The Ukrainian leader urged
September's volume was flat versus August at 1.6 million bpd, down 14.2 per cent from the same month a year ago, the data showed