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Business

Russian economy is stagnating amid Ukraine war, says Sberbank CEO

German Gref said the country's central bank should lower interest rates to avoid a recession.

Europe News

Loopholes in ship flagging system undermine sanctions on Russia

As unchecked flagging of ships continues to enable global sanctions evasion, governance must be "radically improved," says a new report by the Royal United Services Institute (RUSI).

Europe News

Will the cooperation summit in China try to appease Putin on Ukraine?

Chinese President Xi Jinping will host leaders from around 20 countries at the Shanghai Cooperation Organisation's security summit in Tianjin.

Europe News

Exclusive: EU Council faces German defamation claim on sanctions

A German lawyer has brought a case before the country's highest court seeking clearance to sue the EU Council for defamation related to its sanctions reasoning.

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Lithuania

Scheme to circumvent sanctions against Russia discovered in Lithuania

According to the investigation, the water treatment equipment was received by Russian oil industry enterprises.

Markets

Trump–Putin talks propel Russian markets to 3-month high

Russian stocks have reached a more-than-three-month high, driven by geopolitical momentum ahead of the Trump–Putin summit.

Ukraine

Russian strikes target Kharkiv and Sumy in overnight attack on Ukraine

The strikes came ahead of a White House imposed deadline for Moscow to show progress towards ending their invasion or face greater economic sanctions.

Economy

Trump announces tariffs on India and penalty for Russian imports

Ahead of Friday's new tariff package, Trump announced that a 25% tariff would be imposed on India along with another unspecified penalty for importing Russian oil and weapons despite US sanctions.

Europe News

EU imposes new sanctions on Russia after Robert Fico lifts his veto

The breakthrough on Friday was made only possible after Slovak Prime Minister Robert Fico agreed to lift his veto.

Europe News

Slovakia demands exemption to drop veto on EU Russia sanctions

Prime Minister Robert Fico says the reassurances provided by Ursula von der Leyen are "insufficient" to satisfy Slovakia's concerns and lift his veto.

Europe News

Slovakia aims for EU deal on ending Russian gas imports by Tuesday

Slovakian Prime Minister Robert Fico told reporters in Bratislava he wants to resolve the issue involving the proposed phase-out of all Russian fossil fuels by Tuesday, adding that he spoke to German Chancellor Friedrich Merz about the matter.

Tech News

Dutch court convicts Russian for sharing know-how from tech giant ASML

In a written judgment, the court said sharing technology with Russia is “extremely serious” and has consequences for “international security and stability”.

Europe News

Slovakia maintains veto on new EU sanctions against Russia

The bilateral talks between Brussels and Bratislava have so far failed to produce the breakthrough needed to lift Robert Fico's veto.

Europe News

Slovakia vetoes Russia sanctions at EU summit

Slovakia's Robert Fico announced his intention to maintain his veto on the new package of sanctions against Russia.

Europe News

New package of Russia sanctions runs into trouble ahead of EU summit

A downward revision of the price cap on Russian oil is considered essentially dead after a disappointing G7 summit and the Israel-Iran conflict.

Europe News

Hungary and Slovakia block the EU's fresh Russia sanction plans

Hungarian Foreign Minister Péter Szijjártó said the move was in retaliation for the Commission's RePowerEU plan, which aims to completely cut Russian energy imports.

Europe News

EU proposes fresh sanctions on Russia's oil, banks and Nord Stream

The latest proposal of EU sanctions comes ahead of a summit of G7 leaders, where the revision of the price cap on Russian oil will be high on the agenda.

Europe News

Can the EU lower the cap on Russian oil without the US?

The US has so far refrained from endorsing a lower price cap on Russian oil, prompting the question of whether the EU can dare to go it alone.

Europe News

EU confident it will avoid 500% tariffs from US Senate sanctions bill

The bill promoted by Senators Graham and Blumenthal would impose 500% tariffs on all countries, including those in Europe, that buy Russian energy.

Europe News

Von der Leyen backs 'bone-crushing' US Senate bill to sanction Russia

The Senate bill envisions 500% tariffs on countries that buy Russian fossil fuels. If applied as intended, it would target several EU countries.

Stay up to date with the latest on EU sanctions against Russia over its invasion of Ukraine.