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.

The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil producers and nearly 200 tanker ships.

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

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. Read more at The Business Times.

Russia welcomes the stated willingness of U.S. President-elect Donald Trump to resolve problems through dialogue, Kremlin spokesman Dmitry Peskov said on Friday, reaffirming Russian President Vladimir Putin's readiness for talks with Trump.

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.

The U.S. Treasury Department unveiled new sweeping sanctions on Russia’s energy sector in an effort to reduce Moscow’s revenue from oil.

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

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

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.

BRUSSELS: NATO won't heed Donald Trump’s proposal for a massive hike in defence spending but will likely agree to go beyond its current target, according to officials and analysts. The US president-el