Russia’s crude oil production plunged by the most in 18 months in December, pincered by western sanctions that are causing the nation’s barrels to pile up at sea and a surge of Ukrainian drone attacks on its energy infrastructure.

On Oct. 22, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control sanctioned Rosneft Oil Co. and Lukoil OAO, two of Russia's largest oil companies. The designations were made pursuant to Executive Order No.

Trump reportedly approved a bipartisan Russia sanctions bill imposing 500% tariffs on countries buying Russian oil after Lindsey Graham announced a pivotal Ukraine policy shift.

The Russia sanctions bill has been in the works for months now. Senator Lindsey Graham recently said that US President Donald Trump has greenlighted the bill that could cripple Moscow's economy and impose a 500% tariff on countries that buy oil from it,

Blumenthal sanctions bill to punish global buyers of Russian fuel, Washington faces a billion-dollar question: Can the US survive a 500% tariff on the very uranium it needs to power its future?

BPC Chairman Md Amin Ul Ahsan told The Business Standard that these contracts are usually signed for six months to one year

After a very productive meeting today with President Trump on a variety of issues, he greenlit the bipartisan Russia sanctions bill that I have been working on for months with Senator

A per Lindsey Graham, this bill will "allow" Trump to "punish countries who buy cheap Russian oil fueling Putin's war machine".| India News

Urals crude tumbled to about $34 a barrel at the point of export last week, a deep discount to international benchmarks.

Rep. Brian Fitzpatrick (R-Pa.) told The Post he’s ready to ‘imminently’ file a discharge petition if the bill doesn’t go through regular order.

With a Russian submarine and vessels nearby, the seizure risked more confrontation with Russia, which has condemned U.S. actions over Venezuela.