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 U.S. Departments of Treasury and State Friday applied new sanctions on Russia's oil production and exports. Sanctioned were oil companies, 183 ships, dozens of oil traders, insurance companies and energy officials.

The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil producers and nearly 200 tanker ships.

Joe Biden is expected to unveil new sanctions targeting Russia's economy as part of measures to bolster Kyiv's war effort before Donald Trump takes office.

Brussels is reportedly assessing the potential impact of President-elect Donald Trump reversing Biden-era sanctions on Russia.

President-elect Donald Trump should get tough on countries using chemical weapons in breach of agreed international conventions, such as Russia.

Oil prices surged on Friday and were on track for a third straight week of gains as traders focused on potential supply disruptions from more sanctions on Russia. Brent crude futures gained $2.50, or 3.

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 office.

Winning the space race is far more important than remaining committed to any one contractor. U.S. decision makers should do what needs to be done without delay.

The Kremlin on Thursday said that Russia had strategic national interests in the Arctic when asked to comment on U.S. President-elect Donald Trump's remarks about acquiring Greenland, absorbing Canada and taking control of the Panama Canal.

A Russian-Canadian man was sentenced Wednesday to more than three years in prison for admitting to shipping millions of dollars' worth of U.S.-made restricted electronics to Russia.