The Business4Ukraine coalition, including Razom We Stand, calls on the EU to strengthen sanctions against Russia to cut off funding for its war efforts, highlighting loopholes in energy sanctions that allow billions to flow into the Kremlin’s war coffers. The coalition urges a complete ban on Russian LNG imports, stricter enforcement against the shadow fleet, and closing the refining loophole to halt the flow of revenue to Russia. Existing energy sanctions have reduced Russian fossil fuel export revenues by €3.5 billion per month, but flaws in enforcement have allowed Russia to increase military spending and attacks against Ukraine in 2024.
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Von der Leyen tells Xi EU-China ties are at ‘inflection point’
European Commission President Ursula von der Leyen and European Council President António Costa conveyed to Chinese leader Xi Jinping that EU-China relations are at an "inflection point" due to trade imbalances and China's support for Russia amid the Ukraine war. Both sides emphasized the need for mutual solutions to longstanding issues as the summit marks 50 years of EU-China relations, overshadowed by tensions over trade and geopolitical concerns. Want More Context? 🔎
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