The Latest Breaking News from European Union

Russian oil price cap and EU embargo come into effect

Starting this Monday, all Russian oil sold on international markets will be subject to a G7 and EU-imposed price cap. The measure is aimed at cutting into Moscow's financing for the war in Ukraine, while maintaining global supply. The bar has been set at $60 a barrel, which Ukraine's president…

France 24 · Dec 5, 2022

G7 Russian oil price cap and EU embargo come into force

The price cap on Russian oil agreed by the European Union (EU), G7 and Australia is set to come into force on Monday. It aims to restrict Russia's revenue while making sure Moscow keeps supplying the global market.

Radio France Internationale · Dec 5, 2022

Reversing Brexit now would not help UK economy, says Keir Starmer

Rejoining single market would create even more uncertainty, says Labour leader, who instead wants a ‘better Brexit’

The Guardian - UK · Dec 5, 2022

Monday briefing: Can curbing Russian oil profits help end the war on Ukraine?

In today’s newsletter: A plan to cap the price of Russian crude oil could slow down the war – if only Europe and others could find a consensus

The Guardian - UK · Dec 5, 2022

Belgium Starts Trial into Brussels Bombings

Belgium begins proceedings on Monday in its largest ever trial to determine whether 10 men played a part in the extremist suicide bombings in Brussels in 2016 that killed 32 people and injured over 300. More than six years after the attacks, presiding judge Laurence Massart will confirm on Monday…

Asharq Al-Awsat · Dec 5, 2022

New HMRC data raises UK hopes of end to Northern Ireland Brexit trade checks

Analysis of database tailored to EU needs shows 85% of GB exports stay in the region’s factories and shops

The Guardian - UK · Dec 5, 2022

Risky online behaviour ‘almost normalised’ among young people, says study

EU-funded survey of people aged 16-19 finds one in four have trolled someone – while UK least ‘cyberdeviant’ of nine countries

The Guardian - UK · Dec 5, 2022

‘Sweden has a poverty problem’: the social stores offering food at rock-bottom prices

Rising food and energy prices are being felt across Europe. In the first part of a new series, we look at the impacts on daily life

The Guardian - UK · Dec 5, 2022

Oil prices rise again after G7 group agreement targets Russia

Only Russian oil bought for less than $60 (£49) a barrel will be allowed to be shipped using G7 and EU tankers

Wales Online · Dec 5, 2022

Asian shares gain, oil prices up after Russia price cap deal

Asian shares are mostly higher and oil prices also have risen after the European Union and the Group of Seven agreed on a boycott of most Russian oil and a price cap of $60 per barrel on Russian exports

The Independent UK · Dec 5, 2022