MOSCOW/KYIV/WASHINGTON (Reuters) -The United States hit Russia's major oil companies with sanctions on Wednesday and accused the Russians of a lack of commitment toward ending the war in Ukraine, as Moscow conducted a major training exercise involving nuclear arms.

India and China’s largest refineries are looking at curbing purchases of Russian oil, as US sanctions on Russia’s largest oil companies reverberated through global energy markets yesterday.

Get the latest news and live updates as the government shutdown continues, Trump sanctions Russia in a push for a ceasefire in Ukraine and Rubio heads to Israel amid Gaza truce.

The latest U.S. and E.U. sanctions targeting two of Russia’s biggest oil producers may succeed in reducing the country’s ability to generate revenue for its war with Ukraine — but they also could alter the landscape for global energy trading.

A series of explosions were reported overnight on Oct. 23 in the Russian city of Ryazan, with local residents suggesting a drone strike may have targeted the Ryazan Oil Refinery, one of Russia’s key fuel infrastructure facilities.

Heading into the report, a group of unions and watchdogs launched the "Take Back Tesla" campaign to urge investors to oppose Musk's new compensation plan. The highly publicized pay package would give the billionaire entrepreneur an opportunity to rake in almost $1 trillion in stock.

Russia, the world's second largest oil exporter, is weighing how to respond to U. sanctions on top oil firms Rosneft and Lukoil and the prospect of lower sales to its biggest buyer, India.

BRUSSELS (Reuters) -Ukrainian President Volodymyr Zelenskiy hailed "very important" new U.S. and European Union energy sanctions on Russia on Thursday, but said more pressure would be needed on Moscow to secure a ceasefire in the war.