Dodging the cap has increased the price Russia gets for its oil on global markets, sanctions experts say. The discount for Russian oil compared to international benchmark Brent crude has shrunk from as much as $35 per barrel to less than $10 per barrel. Russia has seen oil income hold up steadily and even rise.

President Joe Biden's administration says it's expanding sanctions against Russia's critically important energy sector over its war in Ukraine.

The Cook Islands-registered oil tanker Eagle S is anchored near the Kilpilahti port in Porvoo on the Gulf of Finland, Dec. 30, 2024.

Pete Hegseth, President-elect Donald Trump’s nominee for defense secretary, arrived to chants of “USA! USA! USA!” inside a Senate hearing room Tuesday morning.

President Joe Biden's administration announced Friday that it's expanding sanctions against Russia's critically important energy sector, unveiling a new effort to inflict pain on Moscow for its grinding war in Ukraine as President-elect Donald Trump gets set to return to office vowing to quickly end the conflict.

The outgoing Democratic administration billed the new sanctions as the most significant to date against Moscow’s oil and ... United Arab Emirates or the Marshall Islands, and flagged in places ...

Some of Trumps threats to take over Greenland, Canada, and the Panama Canal are based on actual U.S. strategic goals. Others are just idiotic.