The European Union's latest effort to restrict Russia's oil revenue is unlikely to hurt Moscow's war effort severely, leaving U.S. President Donald Trump's threat of secondary sanctions one of the few remaining economic levers to pressure the Kremlin.

NATO prepares for potential threats as EU defense chief highlights 2027 as a critical year when Russia and China could launch simultaneous military actions.

Xi has called Putin a “best friend,” and the two often stand side by side at global events. On Red Square, during Russia’s Victory Day parade, they marched their troops together. Xi even sat at Putin’s right, symbolically a place of trust and power.

The European Union has lifted sanctions against three tankers managed by Japan's Mitsui O.S.K. Lines that had handled Russia-sourced liquefied natural gas after receiving commitments that they will stop doing so,

The European Union and Britain are ramping up pressure on Russia over its war on Ukraine. The EU has introduced new sanctions to deprive Moscow of energy revenue through a lower oil price cap and a ban on transactions with Nord Stream gas pipelines.

Russia’s gas output declined in the first half of the year as higher exports to China and increased domestic demand failed to make up for lost flows to Europe via Ukraine.

The fund forms part of a broader EU effort to mobilize 800 billion euros ($864 billion) in new defense spending by 2030, driven by the growing threat from Russia and calls from U.S. President Donald Trump for Europe to shoulder more of its own security costs.

The European Union adopted a fresh round of sanctions against Russia on Friday, forging ahead to pressure Moscow.

European Union states have approved a fresh sanctions package on Russia over its war against Ukraine, which includes a revised oil price cap and new banking restrictions, after Slovakia lifted its veto.

European Commission President Ursula von der Leyen and European Council President António Costa have reportedly traveled to China to meet with President Xi Jinping, hoping to convince him to pressure Russia to end the conflict in Ukraine.