President Donald Trump said he plans to make a “major statement” on Russia, as the US prepares to send a volley of new American weapons to Ukraine via purchases from NATO allies.

Oil prices rose on Friday after U.S. President Donald Trump said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer, while tariff concern and rising OPEC+ output capped gains.

President Donald Trump said he plans to make a "major statement" on Russia on Monday amid Vladimir Putin's continued attacks on Ukraine.

(Reuters) -Ukrainian President Volodymyr Zelenskiy said he had discussed improved air defences and intensified sanctions against Russia with two U.S. lawmakers who are backing a bill to impose tougher punitive measures against Moscow.

A Dutch court has convicted a 43-year-old Russian man for breaching international sanctions. He was accused of sharing sensitive information from Dutch semiconductor company ASML and another tech firm with someone in Russia.

After a meeting with his Russian counterpart, Secretary of State Marco Rubio said sanctions against Russia are still on the table.

Italy said on Thursday that firms that have helped Russia fund its war on Ukraine by doing business with the country should be excluded from profiting from Ukraine's reconstruction.