As Russia delays peace negotiations with Ukraine, U.S. elected officials in Congress are considering a new sanctions bill to force Russia to end its war.

Trump has threatened 100% ‘secondary tariffs’ on likes of India and China, which experts warn could cause a global spike in oil prices

The co-sponsors of new bipartisan U.S. sanctions package targeting Russia have briefed European allies and Ukraine on the legislation.

Trump threatened to impose 100% secondary sanctions on Russia within 50 days if Russia doesn't wind down its attacks on Ukraine, a move supported by Sens. Lindsey Graham and Richard Blumenthal, who have been pushing for legislation to impose harsher sanctions on Moscow.

That included a Monday joint statement from Republican Sen. Lindsey Graham and Democratic Sen. Richard Blumenthal calling Trump’s threat of ramped-up economic penalties if Russia doesn’t cut a peace deal in next 50 days “a real executive hammer to drive the parties to the negotiating table.”

Snapback” sanctions will be triggered by the end of August if Tehran fails to make concrete progress to limit its nuclear program.

Fico says Slovakia will not block EU sanctions if it receives credible guarantees to ease the impact of phasing out Russian energy.

Freight rates for Russian oil shipments from the Baltic Sea ports to India have fallen in July-August as more tankers have become available, but this could change if new sanctions are imposed on Moscow,