The US imposed new sanctions on Rosneft and Lukoil, its first sanctions against Russia since Donald Trump returned to the White House, aimed at cutting oil revenues that fund the war in Ukraine. Treasury secretary Scott Bessent urged an immediate ceasefire and pressed allies to join, as Trump canceled a planned meeting with Vladimir Putin, signaling stalled talks. The move follows UK measures and partial EU curbs, with the EU preparing a new package targeting energy and finance. Trump also denied a report that Washington had approved Ukrainian strikes deep inside Russia.

Prepared by Rachel Morgan and reviewed by editorial team.