The EU also targeted the Nord Stream pipelines between Russia and Germany to prevent Putin from generating any revenue from them in future, notably by discouraging would-be investors. Russian energy giant Rosneft’s refinery in India was hit as well.

General Christopher Donahue, commander of U.S. Army Europe and Africa, said allies could seize Kaliningrad "in a timeframe that is unheard of."

Former Russian President Dmitry Medvedev on Friday predicted the Russian economy would withstand the European Union's latest sanctions package and said Moscow would intensify its strikes against Ukraine.

An internal admission from Chinese Foreign Minister Wang Yi reveals Beijing's concern over Russia's defeat in Ukraine, raising alarm among EU officials and exposing China's deeper involvement despite public neutrality.

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.

Shoigu warns of deception and economic fallout among NATO allies, says EU defense push undermines global stability - Anadolu Ajansı

Clearing house chief executive cautions against move to raise more money for Ukraine by investing in riskier assets