Ursula von der Leyen

The European Union’s chief executive has called on the 27-nation bloc to ban oil imports from Russia in a sixth package of sanctions over the war in Ukraine. European Commission President Ursula von der Leyen told EU lawmakers on Wednesday that she envisions member nations phasing out imports of crude oil within six months and refined products by the end...

European Council President Charles Michel and European Commission President Ursula von der Leyen are speaking Friday with China’s Prime Minister Li Keqiang and Chinese President Xi Jinping.

It comes amid concern that energy-importing countries continue to top up President Vladimir Putin’s war chest with oil and gas revenue on a daily basis.

The 27-member bloc has been heavily criticized for being too reliant on Russia for energy, especially in the wake of Russia’s unprovoked attack on Ukraine.

Swiftly allowing Ukraine to join the European Union would send a clear message to Russia’s Vladimir Putin, a Ukrainian lawmaker told CNBC Wednesday.

The rate hike, the central bank said, “is designed to offset increased risk of ruble depreciation and inflation.”

The EU also said it will block Russian aircraft from flying in EU territory, and it will ban some Russian state-owned media outlets from its airwaves.

World leaders are considering what sanctions they could impose to stop Russian President Vladimir Putin in his tracks.

The European Union will go ahead with more sanctions against Russia on Thursday, following Moscow’s decision to invade Ukraine.

World leaders condemned Russia’s invasion of Ukraine after President Vladimir Putin declared the start of a military operation in the early hours of Thursday local time.

The decision from Russian President Vladimir Putin to order forces into separatist regions of eastern Ukraine has drawn international condemnation.

Russian President Vladimir Putin ordered troops into two breakaway regions of eastern Ukraine after announcing that he would recognize their independence.

Olaf Scholz stressed that much of the West — including the U.S. — is reliant upon Russia’s energy supplies.

European Commission President Ursula von der Leyen tells CNBC that energy sanctions against Russia are still an option, if Russia invades Ukraine.

Kyiv says pro-Russian forces are responsible for an artillery strike that hit a kindergarten in eastern Ukraine on Thursday.

The EU is stepping up investments in chip production to avert supply chain disruptions and ultimately become more independent from Chinese firms.

The U.S. Department of Defense has said that about 8,500 American troops are awaiting orders to deploy to the region if Russia does invade Ukraine.

President Biden is considering sending U.S. troops to Eastern Europe amid the rapidly deteriorating security situation on Ukraine’s border with Russia.

U.S. officials said earlier this month that Russia could launch a military incursion into Ukraine in early 2022, with about 175,000 troops.

The comments come as an increasing number of governments are considering, or planning to introduce, compulsory vaccinations.