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.

The Biden administration announced Friday it was imposing what it billed as the most significant sanctions to date on the Russian energy sector, targeting Moscow’s oil and liquified natural gas (LNG) exports just weeks before leaving office.

President-elect Donald Trump said he is planning a meeting with Russian President Vladimir Putin, saying he wants to end the "bloody mess" of the Ukraine war.

President-elect Trump said late Thursday that a meeting is in the works with Russian President Vladimir Putin to discuss ending the Kremlin's invasion of Ukraine. Why it matters: Trump said on the campaign trail that he would swiftly end the nearly three-year-old war in Ukraine within 24 hours of taking office.

A group of sociologists found that few Russians were steadfast supporters of the war. Most had something more complicated to say.

The Group of Seven democracies have sought to crimp Russia's oil export earnings that help fund the war against Ukraine.

The United States will impose some of the harshest sanctions yet on Russia's oil industry, according to a purported U.S. Treasury document circulating among traders in Europe and Asia that drove global oil prices 3% higher on Friday.