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.

If Ukraine falls, it will be hard to spin as anything but a debacle for the United States, and for its president.

Ukrainian President Volodymyr Zelensky on Thursday said Donald Trump's return to the White House would open "a new chapter" and reiterated a call for Western allies to send troops to help "force Russia to peace".

The White House seized a rare chance to undermine Russia and build up regional allies as it built a coalition to support the Ukrainians.

U.S. Defense Secretary Lloyd Austin announced a new $500 million security assistance package for Ukraine in the waning days of the Biden administration.

Italian Prime Minister Giorgia Meloni, one of the European leaders closest to Donald Trump, said on Thursday she believed the U.S. president-elect would defend Western interests once he took office and would not abandon Ukraine.

Tensions between Ukraine and Hungary over the war with Russia and the expired gas transit deal continue to increase online.

In the first trading day after Ukraine ceased the flow of Russian gas and oil, benchmark natural gas prices in Europe surged 4%.

Sullivan said that in the case of tech, supply chains and clean energy, the Biden team has created opportunities for the next administration to take it forward

The United States and its allies must end their penchant for appeasing enemies such as Iran, Russia, and China.