BRUSSELS -- The European Union approved on Friday a new raft of sanctions against Russia over its war on Ukraine, including a lower oil price cap, a ban on transactions with Nord Stream gas pipelines, and the targeting of more shadow fleet ships, the EU foreign policy chief said.

Last week, the European Union agreed on its 18th package of sanctions against Russia, which included a ban on the import of refined oil products derived from Russian crude. Whether this bolsters calls for the American government to do the same remains to be seen.

It’s highly unlikely we’ll get a peace deal in 50 days solely because Putin still isn’t interested in one,” Angelica Evans from the Institute for the Study of War

Former Russian President Dmitry Medvedev on Friday predicted the Russian economy would withstand the European Union's latest sanctions package and said Moscow would intensify its strikes against Ukraine.

Russia's economic outlook won't brighten if the war in Ukraine ends, according to CEPA. The research center thinks Russia has grown too reliant on military spending to keep its economy going ...

Russia's rouble tumbles past 81 to the dollar, reacting to a major interest rate cut and U.S. President Trump's ultimatum for a ceasefire in Ukraine. Russian stocks decline as economic pressures mount,

More than a dozen countries stand in the crosshairs of Trump's threat to impose 100% tariffs over their economic ties to Russia.

Ultimately, whether or not Trump continues to pressure Putin rather than Ukraine remains to be seen, as the president has a habit of reversing course without notice.

This could lead to reduced economic cooperation between Russia and Iran. In short, the war between Israel and Iran will have an impact on the Russian Federation.

The war is a tragedy and Ukraine is a victim, but that is not a sufficient cause for America to risk a conflict with a major nuclear power. Especially since Ukraine matters far more to Russia ...