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.

Biden administration officials say the sanctions are being imposed now because they are not likely to add to inflation

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

Russia welcomes the stated willingness of U.S. President-elect Donald Trump to resolve problems through dialogue, Kremlin spokesman Dmitry Peskov said on Friday, reaffirming Russian President Vladimir Putin's readiness for talks with Trump.

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

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

The United States and Britain on Friday announced sanctions against Russia's energy sector, including oil giant Gazprom Neft, just days before outgoing President Joe Biden leaves office. - Strong economy influenced timing - Friday's announcement comes just 10 days before US President Biden is due to step down,

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.

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.

Russia’s war economy, now in its third year, is facing mounting challenges, including rising inflation, labor shortages, and growing economic imbalances. While these issues strain the civilian economy, they have not been severe enough to force Vladimir Putin to halt the war.