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The BBC's Russia editor says Trump's decision to call of his Putin talks and impose oil sanctions will not go down well in Moscow.
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The sanctions could break a diplomatic deadlock by making it more difficult for India to continue buying from Russia, a point of contention between President Trump and Narendra Modi.
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While oil markets reacted strongly to the sanctions, analysts said the measures were unlikely to significantly change President Vladimir V. Putin's war calculations.
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President Donald Trump's administration announced Wednesday new "massive sanctions" against Russia's oil industry that are aimed at bringing an end to Moscow's brutal war on Ukraine.
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The new sanctions are related to plans for a meeting between President Donald Trump and Russian leader Vladimir Putin being dropped.
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