The U.S. Treasury Department unveiled new sweeping sanctions on Russia’s energy sector in an effort to reduce Moscow’s revenue from oil.

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.

The new sanctions target "Russia's key source of revenue" for funding its war against Ukraine, Treasury Secretary Yellen said ...

Fresh U.S. sanctions on Russia’s oil sector looked to threaten global supplies, lifting prices for both U.S. and global benchmark crude sharply on Friday. The [U.S. Department of Treas ...

The Group of Seven democracies have sought to crimp Russia's oil export earnings that help fund the war against Ukraine.

The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest ...

Venezuelan President Nicolás Maduro was sworn in for a third six-year term after a reelection widely viewed as illegitimate ...

The United States announced widespread sanctions against Russia's energy sector Friday, designating more than 180 ships and two major oil companies just days before outgoing President Joe Biden leaves ...

I examine what is happening with President-elect Donald Trump’s transition to the White House. This week: The Center for ...

Guyana's government on Friday signed a $526 million loan agreement with the U.S. Export-Import Bank (Exim) to finance an ...

Canada on Friday imposed sanctions on 14 current and former senior officials of the Venezuelan government, alleging that they ...

The Russian economy is struggling, and that is likely to increase pressure on President Vladimir Putin for peace negotiations ...