The legislation, which would allow the president to levy a 500% tariff on imports from countries that purchase Russian uranium, gas and oil, has gained momentum in the Senate as Trump has signaled he will escalate US action against Russia.

U.S. President Donald Trump's threat to choke off Russia’s oil revenue via secondary sanctions would deal a hammer blow to Moscow's finances, but markets are betting that the risk of higher energy prices will keep Washington from following through.

Bipartisan senators Graham and Blumenthal lauded Trump's announcement of 100% tariffs against Moscow and vowed to continue working on their own "sledgehammer" sanctions package.

A Russian air raid on a shopping centre and market in Dobropillia in eastern Ukraine has killed at least two people, wounded 22 others and caused widespread damage, officials said, the latest blow to United States President Donald Trump’s calls for Moscow to end its attacks on the neighbouring country.

Officials say Russian weapons pounded Ukrainian cities overnight from Tuesday to Wednesday, injuring at least 15 people in an attack that mostly targeted energy infrastructure.

Senate sanctions bill targeting Russia's energy exports with hefty tariffs gains momentum as Trump shifts position on Russia, with Graham teasing presidential support.

This week marked a possible pivot by President Donald Trump regarding Russia's ongoing full-scale invasion of Ukraine.

Donald Trump’s remarks on Ukraine on Monday were far from the biggest announcement the US president could have made.

As Russia delays peace negotiations with Ukraine, U.S. elected officials in Congress are considering a new sanctions bill to force Russia to end its war.

MOSCOW (Reuters) -Freight rates for Russian oil shipments from the Baltic Sea ports to India have fallen in July-August as more tankers have become available, but this could change if new sanctions are imposed on Moscow,