The European Union is targeting Russia with more sanctions over its war on Ukraine. The aim is to deprive Moscow of energy revenue through a lower oil price cap and a ban on transactions with Nord Stream gas pipelines.

Germany, the Netherlands and Sweden oppose European Union joint borrowing despite mounting global challenges, while Denmark is sceptical, finance ministers from those countries said on the sidelines of a G20 meeting in Durban,

Context: The European Commission on Tuesday unveiled its plans for the bloc’s 2028-2034 budget, including a so-called Global Europe fund worth €200bn. It would merge different funding strands for countries outside the EU, including humanitarian aid and development finance, as well as money to support countries who are candidates to join the bloc.

European Union member states approved the launch of negotiations with six Gulf countries as the bloc seeks to broaden its international partnerships amid tariff threats from President Donald Trump.

European Commission President Ursula von der Leyen has unveiled a proposal for a long-term EU budget that she says will total $2.3 trillion.

BERLIN (Reuters) -German Chancellor Friedrich Merz on Friday cast doubt on the possibility of Ukraine joining the European Union by 2034, saying accession was unlikely to come at a point affecting the bloc's medium-term finance plans,