The European Union urgently needs investments of at least 100 billion euros. According to four member states bordering Russia, the EU must double its defense spending, Bloomberg reports. A document prepared by Lithuania,

Russia would like to see a resumption in the transit of gas via Ukraine, the Kremlin said on Tuesday, after the European Commission issued a statement saying it planned to continue talks with Kyiv on natural gas supplies to Europe.

The European Union's sanctions on vessels transporting Russian grain, along with Turkey's wheat import ban, impacted Russian grain exports at the end of 2024, the country's central bank said on Thursday.

The European Union will moved forward with a renewal on Russian sanctions after a deal was struck with Hungary, according to multiple reports.

An overnight Ukrainian drone attack hit Russia’s Andreapol oil pumping station, part of the oil export route via the Baltic Sea port of Ust-Luga, causing a fire and oil products to leak, said a source in the Security Service of Ukraine on Wednesday.

The bloc is also proposing restrictions on more software, hardware and other technologies used in weapons systems.

The sanctions target trade, finance, energy, technology, industry, transport and luxury goods and include a ban on seaborne crude oil.

Simply sign up to the War in Ukraine myFT Digest -- delivered directly to your inbox. European officials are debating whether Russian pipeline gas sales to the EU should be restarted as part of a potential settlement to end the war against Ukraine,

The EU renewed sanctions on Russia and called for unity to respond to Donald Trump's transactional approach. The US president's warning to Moscow to end the war or face more penalties was more in line with EU policy.

The European Union is considering a ban on Russian aluminum imports, along with other sanctions, but faces growing opposition from some member states.

EU officials are debating whether to restart Russian pipeline gas imports as a potential incentive for Moscow to negotiate peace with Ukraine, the Financial Times reported Thursday, citing anonymous sources familiar with the discussions.