BRUSSELS — The European Union on Thursday heaped more economic sanctions on Russia, adding to U.S. President Donald Trump’s new punitive measures the previous day against the Russian oil industry. Russian President Vladimir Putin called Washington's move an “unfriendly act” that could backfire by spiking global oil prices.

The American and European sanctions are intended as part of a broadened effort to choke off the revenue and supplies that fuel Moscow’s invasion of Ukraine , compelling Putin to negotiate an end to the war.

Speaking to reporters in Moscow, Putin acknowledged that the “serious” U.S. sanctions will have “certain consequences” for Russia, but maintained that they will not significantly impact its economy.

Ukrainian President Volodymyr Zelenskyy, who has long campaign

See Full Page