The European Union, Britain and the U.S. have imposed a raft of sanctions against Russia over its war in Ukraine. In October, the U.S. targeted Russia's two top oil producers, Rosneft and Lukoil. Below is a timeline of key Western sanctions imposed since August 2024: 2024: August 23 - The U.

A Treasury Department analysis indicates that new U.S. sanctions on Russian oil producers have sent prices there tumbling, choking off a key revenue source that Russia has used to fund its war in Ukraine.

Wars often depend on things most people never think about. We imagine tanks, rockets, and long supply lines. Yet small components and chemicals can matter just as much.

The sanctions were intended to force Russian President Vladimir Putin to the negotiating table and bring an end to the war that began when Russia invaded in February 2022. U.S. officials on Thursday pointed to the price of key grades of Russian oil now selling at multiyear lows, citing publicly available data.

The US government jolted energy markets when it announced sanctions on Russia’s two biggest crude oil producers on Oct. 22. All eyes are now on how global oil supply and prices will react after the measures took effect on Nov.

Rep. Brian Fitzpatrick (R-Pa.) on Friday said he has submitted a discharge petition to force a vote on bipartisan legislation imposing punishing sanctions on countries enabling Russia’s war

A bipartisan sanctions package against Russia with over 80 Senate co-sponsors stalls as House Speaker Mike Johnson, R-La., and Senate Majority Leader John Thune, R-S.D., dispute legislative procedures.

Igor Sechin, one of the most influential men in Russia's energy sector, said on Tuesday that sanctions imposed by the United States, European powers and their allies on Russia and China will trigger an economic crisis in the West.

Speaker Mike Johnson (R-La.) said Senate Majority Leader John Thune’s (R-S.D.) assertion that a bill to expand Russian sanctions would start in the House came as a surprise to him, countering the

Expanding sanctions on Chinese ports and refiners are choking flows of Russian and Iranian oil to the world’s No. 1 importer, although emerging workarounds suggest the slowdown may be fleeting.

Price increases show that western restrictions are limiting Moscow’s capabilities, Bank of Finland research finds