The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest sanctions to date meant to cut off funding for Moscow’s war against Ukraine.

The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia's oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine.

If Ukraine falls, it will be hard to spin as anything but a debacle for the United States, and for its president.

The White House seized a rare chance to undermine Russia and build up regional allies as it built a coalition to support the Ukrainians.

Ukrainian President Volodymyr Zelensky on Thursday said Donald Trump's return to the White House would open "a new chapter" and reiterated a call for Western allies to send troops to help "force Russia to peace".

Italian Prime Minister Giorgia Meloni, one of the European leaders closest to Donald Trump, said on Thursday she believed the U.S. president-elect would defend Western interests once he took office and would not abandon Ukraine.

U.S. Defense Secretary Lloyd Austin announced a new $500 million security assistance package for Ukraine in the waning days of the Biden administration.

Ahead of President-elect Donald Trump’s return to office, Ukraine’s future course is shrouded in uncertainty as it loses ground to Russia’s far larger military.

Tensions between Ukraine and Hungary over the war with Russia and the expired gas transit deal continue to increase online.

In the first trading day after Ukraine ceased the flow of Russian gas and oil, benchmark natural gas prices in Europe surged 4%.

Ukraine said that an F-16 pilot took out six Russian cruise missiles in a single flight, setting a record for the American-made fighter jet.