Russia, European Union and sanctions
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The European Union is targeting Russia with more sanctions over its war on Ukraine. The aim is to deprive Moscow of energy revenue through a lower oil price cap and a ban on transactions with Nord Stream gas pipelines.
Multiple cities in Ukraine were targeted by Russian drone attacks overnight, killing one in the Black Sea port of Odesa.President Volodymyr Zelensky said over 300 drones and 30 missiles had been launched at Ukraine,
General Christopher Donahue, commander of U.S. Army Europe and Africa, said allies could seize Kaliningrad "in a timeframe that is unheard of."
An internal admission from Chinese Foreign Minister Wang Yi reveals Beijing's concern over Russia's defeat in Ukraine, raising alarm among EU officials and exposing China's deeper involvement despite public neutrality.
European Commission President Ursula von der Leyen has unveiled a proposal for a long-term EU budget that she says will total $2.3 trillion.
Shoigu warns of deception and economic fallout among NATO allies, says EU defense push undermines global stability - Anadolu Ajansı
Clearing house chief executive cautions against move to raise more money for Ukraine by investing in riskier assets