The Latest Breaking News from Russia

The U.S. sanctioned Rosneft and Lukoil, two of Russia’s largest oil companies, in an effort to restrict Moscow's energy earnings.

The European Union on Thursday agreed a new sanctions package targeting Russia’s “shadow fleet” of oil tankers and banning imports of Russian liquefied natural gas. The move comes as Ukrainian President Volodymyr Zelensky joins EU leaders at a summit in Brussels to push for more support against Russia’s invasion.

New sanctions unveiled just a day after Trump said he would cancel ‘wasted’ meeting with Putin in Budapest

There will be no territorial concessions in Ukraine, the Ukrainian president said, answering Euronews' question on whether Kyiv is now being pressured into territorial concessions.

Russian president says Moscow will deliver ‘overwhelming’ response to strikes inside Russia

The European Union’s executive branch has been developing a plan to use Russia’s frozen assets as collateral to drum up funds

Assets in US belonging to Rosneft and Lukoil frozen as shares in Shell and BP rise by 3%

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects ahead

Shares are mostly lower in Asia following a retreat on Wall Street, while crude prices jumped more than $2 after U.S. President Donald Trump announced sanctions on Russian oil giants

The Kremlin said as part of Moscow’s nuclear triad and drills, an intercontinental ballistic missile was test-fired from the Plesetsk launch facility in northwestern Russia, and a Sineva ICBM was launched by a submarine in the Barents Sea.

The range of the "Sea Baby" has been expanded from 1,000 kilometres to 1,500 kilometres and it can carry up to 2,000 kilograms of payload.