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EU leaders meet in Brussels over €210bn Ukraine war funding

European Union leaders are meeting in Brussels today to decide whether to release €210 billion from frozen Russian assets to support Ukraine’s war effort against Russia. The funds are largely held by Euroclear, a Belgium based financial clearing house, where Russian assets have been blocked since Moscow’s full scale invasion in 2022.​ The money is considered crucial to Ukraine’s ability to continue fighting and keep the state functioning. Without fresh international support, Kyiv is projected to face bankruptcy in early 2026, leaving it unable to pay soldiers, police, civil servants or buy weapons and ammunition.​ Failure by EU leaders to approve the package would be a heavy blow to the bloc’s credibility. Analysts warn it could weaken the EU’s influence in any future peace talks and allow Vladimir Putin to exploit divisions within Europe.​

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EU leaders in crunch talks on €210bn frozen Russian assets for Ukraine

EU leaders are meeting in Brussels for high stakes talks on whether to channel around €210bn in frozen Russian assets to support Ukraine’s war effort against Russia. Most of the money is held at Belgian based clearing house Euroclear, where interest and other proceeds from the immobilised funds have been accruing since sanctions were imposed in 2022.​ The funds are seen as vital to Ukraine’s ability to keep fighting, with officials warning that Kyiv could face bankruptcy in early 2026 without fresh external support. A financial collapse would leave the government unable to pay soldiers, police, civil servants or purchase weapons and ammunition.​ Leaders are debating proposals to use the frozen Russian assets as collateral to raise long term loans for Ukraine on capital markets, leaving the principal untouched for now. Under the plan, Ukraine might not have to repay […]

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Zelensky meets Pope, refines response to new US peace plan

Ukrainian President Volodymyr Zelensky has met Pope Leo XIV in Italy as he prepares an updated response to a revised United States plan to end Russia’s invasion of Ukraine. The meeting took place at the Pope’s country residence in Castel Gandolfo near Rome, during a wider European tour focused on talks with allies about war and peace efforts.​ Zelensky said Washington had cut its original 28-point proposal to 20 points after intensive talks with Ukrainian officials over the weekend. He explained that Ukrainian and European negotiators will now work through those 20 points and that Kyiv will send its formal, revised position to the United States soon.​ According to Zelensky, the main obstacles in the US plan involve possible territorial concessions and the level of long-term security guarantees for Ukraine. He stressed that Ukraine has no legal or moral right […]

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EU seals deal to end Russian gas imports by autumn 2027

The European Union has reached a political deal to ban all imports of Russian natural gas by autumn 2027 as part of efforts to cut off a major source of funding for Moscow’s war in Ukraine.​ The agreement, struck between EU member states and the European Parliament, sets a binding timeline to phase out both pipeline gas and liquefied natural gas (LNG) from Russia after years of dependence on its supplies.​ Under the deal, long-term LNG contracts with Russian suppliers will be banned from January 1, 2027, while new long-term pipeline gas contracts will be prohibited from September 30, 2027, at the latest by November 1, 2027, depending on storage levels.​ Short-term contracts will be phased out earlier, with LNG contracts ending from April 25, 2026, and short-term pipeline gas deals stopping from June 17, 2026.​ EU Energy Commissioner Dan […]

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Ukraine Faces Pressure Over US War Plan

Ukraine has come under intense international pressure to respond to a US proposal for ending the war, which includes many of Russia’s hardline demands. The 28-point plan—welcomed by Putin but resisted by President Zelensky—would force Ukraine to cede land, reduce its army, and rule out NATO membership, while offering “security guarantees” and partial recovery funds from frozen Russian assets. US President Trump gave Ukraine less than a week to decide; Kyiv is reviewing alternatives, with European leaders insisting any deal must not “betray” Ukraine’s interests. European Commission chief von der Leyen declared that “nothing about Ukraine without Ukraine,” as Kyiv holds emergency talks with France, Germany, and Britain. Putin threatened more land seizures if Kyiv rejects the offer, emphasizing that Russia would regain territory, rejoin the global economy, and the G8 under the plan. Ukrainians remain divided, with some fearing […]

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Zelenskyy Meets European Leaders in London to Strengthen Military Aid for Ukraine

Ukrainian President Volodymyr Zelenskyy will meet key European leaders in the United Kingdom on Friday to discuss renewed military support aimed at deterring future Russian aggression, should a ceasefire end the war that has now entered its fourth year. The talks, set to take place at the Foreign Office in London, will bring together Zelenskyy, British Prime Minister Keir Starmer, NATO Secretary-General Mark Rutte, Danish Prime Minister Mette Frederiksen, and Dutch Prime Minister Dick Schoof. About 20 additional leaders are expected to join virtually as part of the “Coalition of the Willing,” a group of nations that have pledged to strengthen Ukraine’s defenses and long-term resilience. The agenda includes plans to bolster Ukraine’s air defense capabilities, protect the country’s power grid from relentless Russian drone and missile attacks, and potentially supply Kyiv with longer-range weapons capable of striking deeper inside […]

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UK Steel Industry Faces Deep Crisis as EU Raises Tariffs

The United Kingdom’s steel industry is bracing for one of its worst crises in decades following the European Union’s decision to raise import tariffs and reduce tariff-free steel quotas. The EU announced plans to cut tariff-free quotas for imported steel by 47% compared to 2024 levels, while doubling tariffs from 25% to 50% on imports that exceed those limits. According to the European Commission, the new measures are designed to protect the EU steel sector, safeguard jobs, and support ongoing decarbonisation efforts. The proposal will replace the current steel safeguard measure, which expires in June 2026. The move has sparked strong reactions in the UK, where the steel sector has already been hit by plant closures, job losses, and existing U.S. tariffs of 25% on steel exports. “This is perhaps the biggest crisis the U.K. steel industry has ever faced,” […]

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Trump, Al-Sisi to Lead Gaza Peace Summit in Egypt

United States President Donald Trump and Egyptian President Abdel Fattah al-Sisi are set to jointly chair a major peace summit in Sharm el-Sheikh, Egypt, aimed at finding a lasting solution to the ongoing Gaza conflict. The summit, scheduled for later this week, will gather key world leaders, including French President Emmanuel Macron and Turkish President Recep Tayyip Erdogan, both of whom have confirmed their attendance. The European Union will also take part, represented by European Council President Antonio Costa. A spokesperson for Costa said the EU “fully supports the initiative,” describing it as a genuine opportunity to achieve a just and lasting peace in the region. Jordan’s King Abdullah II is also expected to attend, according to reports from state media in Amman. However, it remains uncertain whether Israeli Prime Minister Benjamin Netanyahu will participate, as his office has not […]

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China to levy temporary tariffs on EU pork imports

China announced on Friday that it will impose temporary duties on pork imports from the European Union, citing evidence of dumping practices. The move follows a year-long investigation launched by Beijing after the EU began scrutinizing Chinese subsidies for its electric vehicle industry. “Investigating authorities have preliminarily determined that imports of pork and pig by-products originating in the European Union are being dumped,” the Ministry of Commerce said in a statement. As a result, Beijing will apply provisional anti-dumping measures in the form of deposits, with duties ranging from 15.6% to 62.4%, starting September 10. The duties remain provisional until the ministry concludes its full investigation, which has been extended until December. The decision adds new tension to already strained China–EU relations, shaped by disputes over trade, technology, and the fallout from Russia’s 2022 invasion of Ukraine. Beijing has maintained […]

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European Leaders Oppose Redrawing Ukrainian Borders by Force Ahead of Alaska Summit

European leaders have issued a strong warning against any attempt to change Ukraine’s borders through the use of force—just three days before Russian President Vladimir Putin and US President Donald Trump are set to meet in Alaska for a summit on Ukraine. In a joint statement signed by 26 of the European Union’s 27 leaders, they emphasized that “the people of Ukraine must have the freedom to decide their future,” reaffirming that the principles of territorial integrity and respect for international borders must be upheld. The sole EU leader absent from the list of signatories was Hungary’s Viktor Orban, who has maintained warm relations with Moscow and has repeatedly sought to block EU measures aimed at supporting Ukraine. The statement reflects growing unease in Europe over Russia’s actions in Ukraine, with many nations—especially those bordering Russia or carrying the historical […]

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