
Kallas Urges EU Envoys to Extend Russia Sanctions Amid Internal Disputes
Kaja Kallas urged EU envoys to extend Russia sanctions as disputes over Usmanov and Fridman test the bloc’s policy cohesion.

Kaja Kallas urged EU envoys to extend Russia sanctions as disputes over Usmanov and Fridman test the bloc’s policy cohesion.

The House opened debate on a bill allowing 100% tariffs on major Russian energy buyers, raising stakes for energy markets and U.S. policy.

Trump said the U.S. will scrap a 10 percent tariff on Irish whiskey, signaling a targeted shift inside broader duties on EU wine and spirits.

The EU and Ukraine welcome new US sanctions targeting Russia's energy sector and officials, highlighting coordinated Western efforts amid shifting global economic dynamics.

The US removes sanctions on Miami-based Bel-Kap-Steel amid Belarus's release of political prisoners, signaling shifts in economic diplomacy and regional market dynamics.

The EU reduces duty-free steel import quotas by 47%, imposing a 50% tariff on excess imports to protect its steel industry from cheap global steel surpluses.

Russia's aviation fuel imports from Belarus surged nearly fourfold in May 2026 amid domestic production setbacks, prompting policy shifts and regional supply realignments.

Germany urges the EU and Turkey to exclude Russian gas in future contracts, reflecting a strategic shift as Turkey seeks to become a regional gas hub amid evolving geopolitical tensions.

Russia launched ballistic missile strikes on Kyiv and other Ukrainian cities soon after the G7 pledged increased support for Ukraine, signaling a potential escalation with broad economic implications.

Lithuania, Poland, and France will conduct joint military exercises near the Suwalki Corridor to bolster NATO defenses amid growing concerns over Russian military expansion.

The U.S. House approved $70 billion funding for immigration enforcement agencies, reflecting critical policy shifts with significant global economic and geopolitical implications.

US forces conducted defensive strikes on Iranian missile sites and mine-laying vessels amid a fragile ceasefire, highlighting ongoing regional tensions and economic risks.

Trump demands Iran's enriched uranium stocks be destroyed in the U.S. or under IAEA supervision, intensifying nuclear tensions with global economic implications.

Ukraine and European leaders convened to discuss reinvigorating diplomacy to end the war with Russia amid shifting global priorities and evolving conflict dynamics.

The EU and Mexico have signed a comprehensive trade agreement removing nearly all tariffs and enhancing bilateral trade and investment by 2030.

The EU and US have condemned Israel following a video showing detained pro-Palestinian activists, sparking diplomatic protests and highlighting tensions over Gaza blockade enforcement.

London hosted large opposing protests on migration and the Palestinian Nakba, highlighting political polarization with implications for economic policy and international relations.

China signals renewed interest in U.S. oil and soybeans, potentially easing trade tensions and impacting global commodity markets and geopolitical relations.

US President Trump and Chinese leader Xi Jinping meet in Beijing to discuss Iran Strait blockade, Taiwan tensions, and trade, signaling potential shifts in global economic dynamics.

EU leaders are preparing for possible talks with Russia, signaling a strategic shift amid ongoing conflict and geopolitical tensions affecting global economic and policy frameworks.

US President Trump delays planned tariff hike on EU car imports amid ongoing disputes over trade agreement compliance, maintaining pressure on transatlantic trade relations.

Jean-Luc Mélenchon confirms his run for France's 2027 presidency, highlighting a pivotal far-left challenge amid a political landscape reshaped by Macron's exit.

Iran has presented a 14-point peace plan to the US detailing key conditions to end the Middle East conflict, while Washington remains skeptical about its acceptance.

The ifo Institute warns that US auto tariffs could trigger a German recession by 2026 if the EU responds with retaliatory duties, escalating transatlantic trade tensions.

Uzbekistan's suspension of gold exports for over six months has resulted in a nearly 30% drop in exports, impacting trade balances and economic policy amid shifting regional partnerships.

Lithuania and Latvia have blocked Slovak PM Fico’s flight to Moscow, reflecting EU divisions over engagement with Russia amid ongoing geopolitical tensions.