Stock Market Update: Shares Drop, Oil Prices Rise Following New U.S. Sanctions on Russia
Market Update for October 23, 2025 Happy Thursday! It’s time for the latest stock market updates from TheStreet. The US market is currently closed, and the Russell 2000 was the star performer, rising by 1.28%, thanks in part to a boost in quantum computing stocks. Other major indices ended in the green too: the Nasdaq […]
Russian Foreign Minister Maria Zakharova Dismisses New Trump Sanctions: We Have ‘Robust Resistance’
On Thursday, Russian Foreign Ministry spokesperson Maria Zakharova characterized the latest sanctions imposed by the U.S. Treasury on Russian oil as unimportant, asserting that Russia “is not facing any particular issues.” Zakharova criticized the sanctions as “very counterproductive,” especially following President Trump’s announcement about potential talks with President Putin aimed at resolving the ongoing conflict […]
China and India reduce their Russian oil purchases following Trump’s sanctions on Rosneft and Lukoil
China and India have started to reduce their purchases of Russian crude oil following President Trump’s sanctions on two major exporters from Russia, which were announced on Wednesday. According to Reuters, on Thursday, several Chinese state-owned oil companies, including PetroChina, Sinopec, CNOOC, and Zhenhua Oil, halted their seawater purchases of Russian crude. They cited a […]
Putin’s advisor claims Trump opted for a ‘path of war’ with oil sanctions
Medvedev Dismisses Peace Talks Following New Sanctions Former Russian President Dmitry Medvedev declared on Thursday that Russia should no longer pursue “pointless” peace talks with President Donald Trump. This statement came just after the Treasury Department imposed sanctions on two major Russian oil companies. In a post on Telegram, Medvedev, who serves as the deputy […]
Oil prices rise 5% following US sanctions on Russian oil firms
US Imposes Sanctions on Major Russian Oil Companies Senator Markwayne Mullin (R-Okla.) recently discussed alternatives to providing Tomahawk missiles to Ukraine, along with sanctions against Russian oil, during an interview on Barney & Company. On Thursday, crude oil prices surged following the United States’ announcement of sanctions on significant Russian oil firms in response to […]
Trump imposes sanctions on Russian oil companies Rosneft and Lukoil, cancels meeting with Putin
Trump Imposes New Sanctions on Russia’s Oil Giants After a period of mixed signals regarding how to handle relations with Moscow, President Trump has taken a firmer stance by imposing new sanctions on Russia’s two major oil companies, Rosneft and Lukoil. He also canceled an upcoming summit with Russian President Vladimir Putin, marking a clear […]
Trump Administration Increases Sanctions on Russia Substantially
New Sanctions Against Russia Announced On Wednesday, President Donald Trump revealed that his administration is intensifying sanctions on Russia in an effort to bring an end to the ongoing conflict in Ukraine. A late-afternoon press release from the Treasury Department stated that additional sanctions would be placed on key Russian oil companies. This includes targeting […]
U.S. imposes extensive sanctions on Russia, calls for an immediate ceasefire in Ukraine
New Sanctions Against Russia and Call for Ceasefire US Treasury Secretary Scott Bessent has announced additional sanctions aimed at the Russian Federation while urging for an “immediate ceasefire” in the ongoing conflict in Ukraine. Even after more than three years of fighting, discussions between President Donald Trump and Russian President Vladimir Putin have seemingly stalled […]
US imposes sanctions on Russia’s two largest oil companies after cancellation of Trump-Putin meeting
Heavy Sanctions Imposed on Russia by U.S. WASHINGTON – Treasury Secretary Scott Bessent announced on Wednesday that the United States will implement its strongest sanctions to date against Russia. This decision comes after a summit planned between President Trump and Russian President Vladimir Putin was canceled earlier this week. The sanctions specifically target Moscow’s two […]
Melania Trump may influence the White House regarding a bipartisan bill on Russia sanctions, according to a Democratic senator.
Sen. Blumenthal’s Call for First Lady’s Influence on Sanctions Senator Richard Blumenthal (D-Conn.) recently suggested that First Lady Melania Trump could be instrumental in garnering Congressional backing for sanctions against Russia. “I think the first lady is our secret weapon,” he remarked. His comments came amid discussions among lawmakers regarding a sanctions bill targeting Russia, […]