The European Union is preparing a new package of sanctions targeting Russia to increase pressure on Moscow to end its war against Ukraine. The plan includes cutting off more than 20 banks from the international SWIFT payment system,

The European Union is considering cutting more than 20 banks from SWIFT, the international payments system, as well as lowering a price cap on Russian oil and banning the Nord Stream gas pipelines as part of a new sanctions package that aims to increase pressure on Moscow to end its war against Ukraine.

European Commission Executive Vice President Valdis Dombrovskis said the G7 ministers discussed proposals for further sanctions on Russia to try to end its war in Ukraine. They included lowering the G7-led $60-per-barrel price cap on Russian oil, given that Russian crude is now selling under that level, he said.

The European Union has now targeted Moscow’s fleet of covert oil tankers and plans more restrictions, as the Trump administration’s approach to the war shifts.

The E.U. and Britain have announced fresh sanctions against Russia’s secretive shipping network, in the latest bid to cut off funding for the Kremlin’s war machine.

Following Russian drone and missile strikes on Kyiv, which injured 15, Ukrainian President Zelenskyy has urged for stronger international sanctions to

Estonia is warning that Russia appears willing to defend with military force its shadow fleet of aging tankers dodging international sanctions to keep oil revenue flowing.

President Vladimir Putin said on Friday that Russia needs to strengthen its position in the global arms market by increasing exports of weapons.

Photos of first prisoner swap released as Zelensky declares ‘we’re bringing our people home’ - The Ukrainian president said 390 prisoners were returned on Friday, with more to follow over the weekend