The US has imposed sanctions on Russia’s two largest oil companies as it called on Moscow to agree to an immediate ceasefire in its war with Ukraine.

The Treasury Department announced the additional U.S. sanctions on Russia, targeting the oil companies Rosneft and Lukoil. Secretary Scott Bessent told reporter earlier that the sanctions would be announced. The Treasury cited the lack of a serious commitment to a peace process to end the war in Ukraine.

Russian state news agency Izvestia has reported two explosions at an "enterprise" in the city last night and that 12 people were killed. As yet the cause of the blast is unconfirmed. The footage we've seen indicates the explosions occurred at the munitions plant, which is located near to the city of Chelyabinsk in the Urals region.

The White House hopes new sanctions on Russia’s oil industry will pressure Putin to enter peace talks with Ukraine. Follow along for live updates.

Treasury Secretary Scott Bessent told reporters Wednesday that the U.S. would be increasing sanctions on Russia, after a planned meeting between President Trump and Russian President Vladimir Putin in Budapest was scrapped.

Get the latest news and live updates as the government shutdown continues, Trump sanctions Russia in a push for a ceasefire in Ukraine and Rubio heads to Israel amid Gaza truce.

ABOARD AIR FORCE ONE (AP) — President Donald Trump on Sunday warned Russia that he may send Ukraine long-range Tomahawk missiles if Moscow doesn’t settle its war there soon — suggesting that he could be ready to increase the pressure on Vladimir ...

Russian authorities have claimed that drones were "flying towards Moscow" for the second day in a row. Source: Moscow Mayor Sergei Sobyanin; Russian Defence Ministry Quote: "Air defence forces downed two drones flying towards Moscow.