EU leaders cut off a “huge source of financing” for Putin’s war machine

Published

4 years ago

May 31, 2022

EU leaders have finally clenched a deal on banning Russian oil imports, after facing strong opposition from Hungary

Under the agreement, two-thirds of all Russian oil imports will be blocked, cutting off a “huge source of financing” for Putin’s war machine.

The European Union’s chief believes this move will put maximum pressure on Russia to finally end its war.

All 27 member states had to agree on the partial ban, which forms part of a sixth package of sanctions against Moscow.

This comes as Ukrainian President Volodymyr Zelensky called for greater unity across the board, in a passionate plea to European leaders

Labelling the Union ‘too soft’, Zelensky says now is not the time to be seperate fragments.

The Ukrainian President was requesting a new set of sanctions against Russia, including a ban on Russian oil.

Recent internal quarrels within the EU’s top body has lead to the delay on any new action against Putin and his war machine.

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Global stocks wobble as Davos kicks off and Trump reshapes geopolitics

Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.

Published

9 hours ago

January 23, 2026

Harvey Vargas

Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.

Global stock markets endured a volatile week as world leaders gathered in Switzerland for the World Economic Forum, with investors closely watching signals on inflation, interest rates and geopolitical risk.

The Davos meetings set a cautious tone, as uncertainty weighed on market sentiment across regions.

Adding to the tension, Donald Trump announced a deal involving Greenland, reigniting debate over strategic assets and global influence. The unexpected move injected fresh geopolitical risk into markets already grappling with an unsettled global outlook.

Kyle Rodda from Capital.com, breaks down how markets are reacting, what the Greenland announcement could mean for investors, and what to watch next as Davos concludes.

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Zelenskyy reveals planned UAE talks with Russia and the United States

Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.

Published

13 hours ago

January 23, 2026

Ahron Young

Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.

Volodymyr Zelenskyy says trilateral talks with Russia and the United States are planned in the United Arab Emirates as efforts to end the war intensify.

He also criticised European leaders at the World Economic Forum, calling for stronger political will.