The declaration comes after President Volodymyr Zelensky confirmed during a press conference on Dec. 19 that Ukraine would not extend the transit agreement for Russian gas through its territory, which is set to expire on Dec.

Switzerland adopted the latest EU sanctions package on Russia and Belarus, the government said on Monday. The move came one week after the European Union targeted Moscow's vessels and Chinese entities found to have traded with the Russian military.

Twenty percent or 448.5 Bcf of natural gas imported into the EU in the third quarter came from Russia, up two percentage points from the previous quarter and five percentage points against the third quarter of 2023.

Domestic prices of liquefied petroleum gas (LPG) in Russia halved in December from the previous month due to an influx of the fuel, exports of which have been curbed by European sanctions, Reuters calculations showed.

The European Union intends to adopt the next package of sanctions against Russia on 24 February, the third anniversary of Russia's full-scale invasion of Ukraine. Source: German newspaper Welt am Sonntag,

The European Union has adopted a 15th package of sanctions against Russia over its invasion of Ukraine, including tougher measures against Chinese entities and more vessels from Moscow's so-called shadow fleet,

European Union leaders are set to avoid directly calling out China for its support of Russia’s war against Ukraine, according to a draft statement they plan to adopt at a summit in Brussels this week.

Switzerland has enforced the EU's latest sanctions package targeting Russia and Belarus. This includes freezing the assets of 54 individuals and 30 entities, and banning 52 Russian-affiliated ships. These sanctions aim to restrict Russian military activities and punish those bypassing trading limits on Russian crude oil.

Finland's Prime Minister Petteri Orpo said Sunday that Russia was a "permanent and dangerous threat" to the EU, and stressed the need for increased defence spending and support for Ukraine.

Russian President Vladimir Putin held talks in the Kremlin on Sunday with Slovakia’s prime minister, Robert Fico, in a rare visit to Moscow by an EU leader since the conflict between Russia and Ukraine began in 2022.

Slower growth in production in China is likely to drive aluminium prices higher in the coming years, experts at Commerzbank AG said.