In particular, cutting off the “shadow fleet” of tankers that deliver Russia’s oil under the radar would send the war economy into a “deep financial crisis,” according to Robin Brooks, a senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance.

Russian Foreign Minister Sergei Lavrov held calls on Saturday with his Turkish and Hungarian counterparts, the Russian foreign ministry said, hours after a summit between the U.S. and Russian presidents yielded no deal on ending the war in Ukraine.

Ukrainian President Volodymyr Zelenskyy says he will meet U.S. President Donald Trump in Washington on Monday after a Russia-U.S. summit concluded without an agreement to stop the fighting in Ukraine after 3 1/2 years.

The summit, held on Friday, aimed to resolve the conflict that began in February 2022 when Russia launched a full-scale invasion of Ukraine. Following the meeting, Trump said Kyiv should negotiate with Moscow,

The meeting with Trump helped give the Kremlin leader much of what he wanted, including putting Russia on an equal footing with the U.S.

A fire at an industrial plant in Russia’s Ryazan region has killed 11 people and injured 130. The blaze broke out Friday at the Elastik plant in the Shilovsky District.

US President Donald Trump and Russian President Vladimir Putin are heading to Alaska for pivotal talks that could unlock a long-sought peace deal between Russia and Ukraine.

Russian President Vladimir Putin on Friday signed a decree that could allow foreign investors, including top U.S. oil major Exxon Mobil , to regain shares in the Sakhalin-1 oil and gas project.