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EU Approves New Sanctions Package Against Russia, Diplomats Say

The European Union has approved a 16th package of sanctions against Russia, which includes measures to restrict primary aluminium imports and the sale of gaming consoles. The move is seen as a significant escalation in the EU's response to Russia's actions in Ukraine and its influence in Eastern Europe. The sanctions will also lead to the listing of 73 shadow fleet vessels.

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White House Seeks Plan for Possible Russia Sanctions Relief, Sources Say. Δ1.81

The White House is drafting a plan to potentially ease Russian sanctions as part of President Donald Trump's efforts to restore ties with Moscow and stop the war in Ukraine. The proposal aims to lift sanctions on select entities and individuals, including some Russian oligarchs, under certain conditions. A potential deal could involve economic cooperation between Russia and the US, but the specifics of the relief and what Washington seeks in return are still unclear.

Trump Threatens Russia with Sanctions Until Ukraine Peace Reached Δ1.81

Trump's threats of large-scale sanctions on Russia follow a pause in US military aid and intelligence support to Ukraine, as he calls for both countries to negotiate a peace deal. Russian forces have almost surrounded thousands of Ukrainian troops in the Kursk region, leading to concerns about the stability of the situation. The US president has expressed a willingness to ease sanctions on Russia's energy sector if Moscow agrees to end the Ukraine war.

Russia Says Normalising Ties with US Will Require Lifting Sanctions on Moscow Δ1.81

Normalisation of Russia-US relations necessitates the removal of imposed sanctions, according to Kremlin spokesman Dmitry Peskov. This stance underscores the Kremlin's long-standing opposition to economic penalties for alleged wrongdoing. The Russian government views sanctions as an "illegal burden" hindering diplomatic efforts.

Russia Exceeds Sanctions with Diesel Shipment to Syria Δ1.80

The latest shipment of diesel from Russia to Syria via a tanker under U.S. sanctions marks the first direct supply to the Middle Eastern country in over a decade, highlighting the complex web of international relations and sanctions in place. The delivery is set to bolster Russia's military presence in Syria, where it has two main installations that are under threat following the sudden fall of Bashar al-Assad last year. As U.S. sanctions on Russia aim to limit revenues from its oil and gas industry, this shipment raises questions about the effectiveness of these measures.

Trump Says He Is Weighing Big Sanctions, Tariffs on Russia to End Ukraine War Δ1.80

U.S. President Donald Trump's comments on imposing sweeping sanctions and tariffs on Russia until a ceasefire and peace agreement is reached with Ukraine are seen as an attempt to pressure Kyiv to accept a deal. The move could deepen tensions between the U.S. and Russia, potentially escalating the conflict in Ukraine. However, Trump's approach has already been criticized by some experts, who argue that it could strengthen Putin's hand rather than weakening his.

US Mulls How to Ease Russia Energy Sanctions Quickly If War Ends, Sources Say Δ1.80

The U.S. government is considering options to quickly ease sanctions on Russia's energy sector, contingent on a peace agreement to end the Ukraine war. This initiative reflects efforts to prepare for potential negotiations between President Trump and President Putin, as analysts suggest that sanction relief could be a key element in any deal. The inquiry also addresses past delays in lifting sanctions, aiming to streamline the process to avoid disruptions in global markets.

Trump 'Strongly Considering' Large-Scale Sanctions and Tariffs on Russia Δ1.79

US President Donald Trump has indicated a significant shift in his stance towards Russia, expressing that he is "strongly considering large-scale sanctions" and tariffs until a ceasefire and peace agreement with Ukraine is achieved. This change comes amid ongoing Russian attacks on Ukraine and follows Trump's previous supportive rhetoric towards Russian President Vladimir Putin, highlighting the complexities of US foreign policy in the region. The potential sanctions and tariffs may be an attempt to balance pressure on both Russia and Ukraine, though the effectiveness of such measures remains uncertain given the existing sanctions already imposed on Moscow.

Euro Rebounds From 2-1/2-Week Low, Ukraine and Defence Spending in Focus Δ1.77

The euro rebounded as EU leaders drew up a Ukraine peace plan, which may boost future growth and support the currency. A likely increase in fiscal spending by euro zone countries could provide some boost to future growth, supporting the currency. The renewed push for peace in Ukraine and possible increase in defence spending are monitoring closely by investors.

European Commission Delays Plan to Phase Out Russian Energy Imports Δ1.77

The European Commission has delayed announcing its plan to phase out the region's reliance on Russian energy imports for a second time, pushing back the original March 26 date to an unspecified date. This delay comes as the EU aims to balance energy security with lower prices to keep industries competitive with rivals in China and the United States. The plan was first set in February, but Commissioner Dan Jorgensen had promised to present it during his first 100 days in the post.

EU Leaders Prepare ‘Concrete’ Measures on Defense Financing Δ1.77

The European Union is expected to announce "concrete" measures on boosting defense financing this week, as Europe and the U.S. clash over support for Ukraine. The 27 EU leaders will gather in Brussels on Thursday for a meeting dedicated to defense and support for Ukraine, amid rising tensions between Russia and Ukraine. European leaders are trying not to alienate President Donald Trump after he criticized Ukrainian President Zelenskyy for "gambling" over a potential World War III.

Russia Sees Tech Boom Amid Sanctions — Microelectronics Industry Sees Massive Hiring Surge and Increase Δ1.77

Despite sanctions, Russian electronics and computer hardware manufacturers expanded their workforce in 2024 by an average of 13%, reports Vedomosti. Engineers were the most sought-after professionals, which indicates that companies in the country are adapting to sanctions and developing various workaround ways to keep Russia's economy (and the war machine) going. Perhaps more importantly, Russia's Mikron, the leading chipmaker in the country, is hiring R&D personnel, which may lead to breakthroughs.

France to Tap Russian Assets for $211 Million This Year, Minister Says Δ1.77

France will use interest from frozen Russian assets to fund another $211 million in arms for Ukraine, Armed Forces Minister Sebastien Lecornu said in a newspaper interview. The country plans to tap into these funds to purchase additional military equipment, including artillery shells and glide bombs, for its Mirage 2000 fighter jets. France is also expected to hand over some of its older armoured fighting vehicles to Ukraine.

European Backing for Ukraine 'Turbocharges' Arms Shares Δ1.76

Investors piled into European arms manufacturer shares and punished long-dated government bonds on Monday, following the clearest sign yet the region's leaders were racing to increase defence spending and help to secure peace in Ukraine. A flurry of European diplomacy, including an agreement to spend more on defence, followed an acrimonious meeting between President Volodymyr Zelenskiy and U.S. President Donald Trump on Friday. The euro rose by as much as 0.7% to $1.045, as investors flocked to the European equity market, where an index of aerospace and defence companies hit record highs.

Finland's Secret Service Says Frequency of Cable Incidents Is 'Exceptional'. Δ1.76

Finland's intelligence service has reported an "exceptional" rise in cable incidents within the Baltic Sea, attributing these breaches to heightened regional tensions following Russia's invasion of Ukraine. While ongoing investigations are probing specific incidents, the chief of Finland's security agency emphasized that state actors possess more sophisticated methods for underwater sabotage than simple anchor dragging. The situation has prompted increased military vigilance from NATO, highlighting the strategic significance of underwater infrastructure amid concerns of a Russia-backed "shadow fleet" operating in the area.

UK Announces New $2 Billion Deal to Fund Air-Defence Missiles for Ukraine Δ1.76

The British government has announced a new £1.6 billion ($2 billion) deal that would allow Ukraine to purchase 5,000 air-defence missiles using export finance, marking a significant escalation in the country's efforts to bolster its air defence capabilities amidst ongoing conflict with Russia. The deal, which is expected to be finalized in the coming months, will enable Thales to manufacture the lightweight-multirole missiles for Ukraine, providing them with vital protection against drone attacks. The move also underscores the UK's commitment to supporting Ukraine's sovereignty and territorial integrity.

EU Leaders to Back Defence Surge, Support Zelenskiy After US Aid Freeze Δ1.76

European leaders are set to endorse significant increases in defence spending and express unwavering support for Ukraine at an upcoming summit, following concerns over U.S. military aid under Donald Trump's administration. The meeting will feature Ukrainian President Volodymyr Zelenskiy, although Hungary's potential veto could complicate the endorsement of a joint statement supporting Kyiv. This shift in European defence strategy is driven by heightened fears of Russian aggression and a desire for greater autonomy in security matters amid uncertainty about U.S. commitments.

Trump Tariffs Live: Trade War as US Hits China, Canada, and Mexico; Military Aid to Ukraine Paused Δ1.75

The United States has imposed significant tariffs on imports from China, Canada, and Mexico, triggering immediate retaliatory measures from affected nations, including additional tariffs from China and a promise of responses from both Canada and Mexico. Concurrently, President Trump has paused military aid to Ukraine, prompting concerns about the country's military readiness and reliance on Western support amid ongoing conflict with Russia. Analysts suggest that these moves may not only escalate tensions in international trade but also shift the dynamics of military support in Eastern Europe.

Syria Gets New Cash Shipment From Russia in Sign of Warming Ties Δ1.75

Syria received a new shipment of its local currency printed in Russia on Wednesday, marking a new sign of improving ties between Moscow and Syria's new rulers. The cash arrival is expected to be followed by further shipments, with the Syrian government official stating that more deliveries were anticipated in the future. The development comes as Damascus' previous contract with a subsidiary of the Austrian central bank was terminated due to European sanctions.

Banning the Enemy: Russia's Permanent Exclusion of Japanese Citizens Δ1.75

Russia has permanently banned nine Japanese citizens from entering the country, including Foreign Minister Takeshi Iwaya, in response to Japan's sanctions against Russia over the Ukraine conflict. The decision is part of a long-standing retaliation strategy employed by Moscow, targeting individuals and companies deemed enemies or opponents. This move reinforces the pattern of diplomatic exclusion used by Russia to counter opposition.

Russia Scolds Macron for Pushing Europe Towards the Abyss of World War Δ1.75

Russian officials have criticized French President Emmanuel Macron's assertion that Russia poses a threat to Europe, warning that such rhetoric could escalate tensions and lead to a catastrophic conflict. The comments follow Macron's call for a debate on extending France's nuclear deterrent to European allies, amidst rising concerns about U.S. policy shifts regarding Ukraine and Russia. Russian leaders argue that Macron's statements reflect a misunderstanding of the geopolitical landscape and could further alienate Europe from a constructive dialogue with Moscow.

European Arms Imports Soared in Past Four Years, SIPRI Think Tank Says Δ1.75

European arms imports rose 155% in 2020-24 and Ukraine has become the world's biggest arms importer following Russia's 2022 invasion. This significant shift underscores the ongoing global conflict's profound impact on international security dynamics. As a result, European countries are increasingly reliant on U.S. arms supplies to bolster their defenses.

UK's Royal Navy Monitors Russian Warship, Latest to Sail Through Channel Δ1.74

The UK's Royal Navy closely monitored a Russian warship and merchant vessel this week as they transited the English Channel and North Sea. Britain's navy has been tracking potential threats to national security, including critical infrastructure such as undersea cables or pipelines. The Royal Navy routinely conducts shadowing missions to monitor suspicious vessels.

Russia Expels Two UK Diplomats as It Negotiates to Restore US Ties Δ1.74

Russia has expelled two British diplomats, accusing them of espionage and providing false information to enter the country, amid deteriorating diplomatic relations with the UK and ongoing negotiations to restore ties with the US. The UK Foreign Office has dismissed these allegations as baseless, highlighting the strained atmosphere exacerbated by Britain's military support for Ukraine. This incident marks a significant moment in post-Cold War diplomacy as Western diplomats face increasing scrutiny and expulsion from Russia amidst geopolitical tensions.

Norway Should Raise Ukraine Aid, Defence Spending, Says PM Δ1.74

Norway aims to boost financial aid to Ukraine significantly and also raise its own defence spending at a time of heightened global uncertainty, Prime Minister Jonas Gahr Stoere of the ruling Labour Party told parliament on Thursday. The country has seen soaring income from gas sales to Europe as a result of Russia's 2022 Ukraine invasion, and faces pressure at home and abroad to boost its aid. Norway has already agreed to spend 35 billion crowns ($3.22 billion) on military and civilian support for Ukraine in 2025.

EU Proposes €150 Billion Defense Loan as Trump Pulls Back Δ1.74

The European Union is set to propose extending €150 billion in loans to boost defense spending, following US President Donald Trump's pullback of American security on the continent. The bloc aims to adjust to this shift by mobilizing hundreds of billions of euros in additional financing. This move reflects the EU's desire to maintain a strong defense posture amidst rising tensions with Russia and other global challenges.