The Biden administration is cracking down on the Russian “shadow fleet” and taking steps to curb oil and gas production.

Washington now has freer hand in restricting Russian oil amid predictions of a global glut.

The U.S. Treasury Department is sanctioning Russian oil companies, tankers, officials and executives. Oil prices jumped on worries that crude supplies would face disruptions. Oil prices jumped on Friday as the U.

President-elect Donald Trump says that he is ready to meet with Russian President Vladimir Putin and that the meeting is being arranged, though he gave no timeline for when it might take place. “He wants to meet, and we are setting it up,” Trump told a reporter late Thursday at a news conference at his Mar-a-Lago resort in Palm Beach, Florida.

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.

Vladimir Putin is reportedly facing growing anger from Russia's elite, who want the war in Ukraine to end. People at the top of the country's society are also worried about the Russian economy, it is believed,