The EU is preparing new sanctions on Russia despite a potential meeting between Vladimir Putin and Volodymyr Zelenskyy on Thursday, three sources told CNBC.

European Union draft plans to wait until 2028 to classify hydrogen produced from nuclear power as a "low carbon" fuel, risk knee-capping the market for the nascent energy source, Europe's nuclear industry has said.

The new measure would slap duties of 25% on U.S. imports amounting to $23.5 billion, which includes motorcycles and other powersports commodities.

European Council President António Costa has criticized the trip by Serbia's president to Russia’s Victory Day parade last week.

The easing of trade tensions between the United States and China is a step in the right direction and helps reduce European fears of being flooded with Chinese goods redirected from the U.S. market, European Economic Commissioner Valdis Dombrovskis said.

A security pact could pave the way for greater UK involvement in EU-wide defence procurement projects, as well as access to a loans scheme for British defence firms. However, one sticking point has been fishing arrangements, which are due to expire in June next year under the post-Brexit trade deal agreed in 2020.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade accord sealed in 2018 between 11 countries - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Britain joined last year and China also hopes to join.

The European Commission announced Thursday it has compiled a list of imported goods and items from the United States which could become subject to tariffs.

The European Union will likely recognize international carbon offsets under its new framework for cutting emissions as member states push for more flexibility on climate, according to Poland.

On 15 April 2025, the European Commission (the “Commission”) released new simplification measures relating to the EU Deforestation Regulation (“EUDR”) with the promise of ensuring a “simple, fair and cost-efficient implementation”.

BRUSSELS (Reuters) -The Russian economy is in an increasingly precarious state as a result of a shift to a war mode and of Western sanctions over Moscow's invasion of Ukraine, a report by the Stockholm Institute of Transition Economics (SITE) said on Tuesday.