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

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.

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.

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

Russia’s war economy, now in its third year, is facing mounting challenges, including rising inflation, labor shortages, and growing economic imbalances. While these issues strain the civilian economy, they have not been severe enough to force Vladimir Putin to halt the war.

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

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 tale of how and why Russia ceded its control over Alaska to the US 150 years ago is actually 2 tales and 2 intertwining histories.

Venezuela’s Nicolas Maduro has been sworn in for a third presidential term in what the country’s opposition movement has decried as “coup d’etat”, capping<a class="excerpt-read-more" href=" More