Treasury Secretary Scott Bessent announced the tough new measures against Moscow after White House scrapped plans for talks with Putin

Russia's "lack of serious commitment to a peace process" has moved the US to sanction its biggest oil firms. Donald Trump says he hopes it will make Vladimir Putin "reasonable" - and he also had a word on Volodymyr Zelenskyy.

Treasury Secretary Scott Bessent has announced new sanctions against Russia's two biggest oil companies and blasted Moscow's refusal to end its "senseless war."

President Donald Trump's administration announced Wednesday new “massive sanctions” against Russia's oil industry that are aimed at moving Russian President Vladimir Putin to the negotiating table and bringing an end to Moscow's brutal war on Ukraine.

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President Trump backed off selling Tomahawk missiles to Kyiv, opting instead for talks with Russia. Still, Ukraine’s negotiating position has strengthened since the summer.

Waves of missiles and drones throughout the night targeted at least eight Ukrainian cities, as well as a village in the Kyiv region.