The European Union's latest effort to restrict Russia's oil revenue is unlikely to hurt Moscow's war effort severely, leaving U.S. President Donald Trump's threat of secondary sanctions one of the few remaining economic levers to pressure the Kremlin.

The European Union and Britain on Friday ramped up pressure on Russia over its war on Ukraine, targeting Moscow’s energy sector, shadow fleet of aging oil tankers and military intelligence service

The sanctions will block two banks — with more than $80 billion in assets — from doing any business with the U.S. or Europe, as well as lock out Russia's central bank and its government from ...

The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry.

WASHINGTON – So many sanctions. Once again, the United States, United Kingdom and European Union are hitting Russia with a new wave of sanctions over Moscow's invasion of Ukraine.

EU sanctions on Russian crude, Iran nuclear talks, and U.S. tariffs may impact oil market dynamics and prices.

Increased sanctions are not a panacea. But they can put meaningful pressure on Putin and Russia to begin taking peace negotiations seriously.