New Zealand on Thursday announced expanded sanctions on Russia's oil industry and shadow fleet while meeting with the Nordic 5 foreign ministers in Stockholm.

As Zelenskyy lauds Europe and the U.S. for ramping up economic pressure on Putin over the war in Ukraine, Moscow dismisses them as a counterproductive "act of war."

The European Union has agreed on a new raft of sanctions against Russia targeting its shadow fleet of oil tankers and banning its imports of liquefied natural gas, the Danish EU presidency announced Thursday.

Many Indian refiners have paused new orders for Russian oil since U.S. sanctions last week on Moscow's top two crude exporters as they await clarity from the government and suppliers, with some turning to the spot market for alternatives,

Russia believes some NATO members, in particular Poland, want to abandon restrictions on the deployment of nuclear weapons in their countries, which would aggravate “strategic risks” and tensions, Russian foreign ministry spokeswoman Maria Zakharova said.

Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in an attempt to get Russian President Vladimir Putin to the negotiating table and end Moscow’s brutal war on Ukraine.

Russia's second-largest oil producer, Lukoil, said on Monday (October 27) it will sell its international assets after the United States and Britain imposed new sanctions over Russia's war in Ukraine.

The head of state believes that U.S. President Donald Trump struck Russia with “truly effective” sanctions. Read also: U.S. and EU sanctions deal major blow to Russia’s wartime economy — Financial Times “What the ‘Russians,