The US has announced new sanctions on Rosneft and Lukoil, Russia's two largest oil companies, over continued fighting in Ukraine.

President Vladimir Putin on Wednesday oversaw a test of Russia's nuclear forces on land, sea and air to rehearse their readiness and command structure. The test included the launch of a land-based "Yars" intercontinental ballistic missile from a cosmodrome,

Trump said Oct. 22 that the sanctions "certainly will have an impact" on Russia and that he hopes Putin will "become reasonable."

President Donald Trump’s sanctions against Russia’s two biggest oil companies come as the European Union passes its 19th package targeting the energy sector.

The Treasury Department said new economic penalties will target Russia’s two largest oil companies, Rosneft and Lukoil, as well as their subsidiaries.

The United States accused the Russians of a lack of commitment toward ending the war in Ukraine, as Moscow conducted a major training exercise involving nuclear arms.

Squeezed by Trump and taxpayers, E.U. leaders are weighing a plan to tap into some $200 billion in frozen Russian assets to give Ukraine cash.

President Donald Trump’s administration has announced new sanctions against Russia’s oil industry aimed at moving President Vladimir Putin to the negotiating table.

The postponement of Donald Trump’s much-anticipated summit with Vladimir Putin in Budapest had seemed to confirm all his critics’ fears. At the White House on Tuesday, the president explained that he did not want a “wasted meeting”.