General view of Orsknefteorgsintez oil refinery in the city of Orsk, Orenburg region, Russia Aug. 28, 2025. Stringer | Reuters U.S. decision to sanction Russia’s two largest oil companies threatens to disrupt the energy lifeline linking Moscow to its biggest customers in Asia, but without causing an immediate supply shock, industry experts told CNBC. The…
Oil prices jumped about 3% on Wednesday evening after the Trump administration imposed further sanctions on Russia’s two largest crude companies, citing Moscow’s “lack of serious commitment to a peace process to end the war in Ukraine.” Global benchmark Brent rose $1.83, 2.92%, to $64.42 per barrel by 8:18 p.m. ET. U.S crude oil rose…
U.S. President Donald Trump welcomes Ukraine’s President Volodymyr Zelenskyy at the White House in Washington, D.C., U.S., October 17, 2025. Jonathan Ernst | Reuters U.S. President Donald Trump has signaled a shift in support toward Russia’s Vladimir Putin as he looks for a quick end to the war in Ukraine, likely striking fear into Ukrainian…
Chancellor of the Exchequer Rachel Reeves speaks on stage during the Labour Party conference on Sept. 29, 2025, in Liverpool, England. Ian Forsyth | Getty Images U.K. Finance Minister Rachel Reeves has reiterated her commitment to the government’s self-imposed fiscal rules, but said it must be honest with the public about the challenges the country…
Russian President Vladimir Putin and U.S. President Donald Trump. Mikhail Metzel | Evelyn Hockstein | Via Reuters President Donald Trump said that he and Russian President Vladimir Putin agreed during a lengthy phone call on Thursday to meet in Budapest, Hungary, to discuss how to end Russia’s war in Ukraine. Trump also said that Secretary…
Russian President Vladimir Putin watches with binoculars the Tsentr-2019 military exercise at the Donguz range near Orenburg city on September 20, 2019. Alexey Nikolsky | Afp | Getty Images Russia was an indirect beneficiary of the war in Gaza in that it distracted the U.S. and other Western countries from its ongoing war in Ukraine….
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin attends a flag-raising ceremony for the latest Project 955A (Borey-A) strategic nuclear-powered submarine Knyaz Pozharsky in Severodvinsk on July 24, 2025. Alexander Kazakov | Afp | Getty Images Europe has to confront the reality of the “hybrid warfare” being waged…
Russian President Vladimir Putin during a meeting on development of ‘new regions’, annexed from Ukraine, at the Kremlin, June 30, 2025, in Moscow, Russia. Contributor | Getty Images Russia is set to hike taxes on businesses and consumers as the government looks for ways to support military spending while its war-focused economy creaks at the…
F-35 fighter jets of the Royal Netherlands Air Force in formation. Sopa Images | Lightrocket | Getty Images LUXEMBOURG – Europe is not at war with Russia, but it needs to take its threats seriously, Luxembourg’s head of state told CNBC Tuesday in an exclusive interview. A number of European nations have flagged new Russian…
A Swedish Air Force Saab JAS 39 Gripen jet fighter takes off during the NATO’s Ramsteign Flag 2025 exercice at Leeuwarden Air Base on April 8, 2025. John Thys | Afp | Getty Images Global defense stocks moved higher on Wednesday after U.S. President Donald Trump, in a major rhetorical shift, said Ukraine could retake…
