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EU
EU SANCTIONS UPDATE
This morning, the European Union extends sanctions targeting Russia, reinforcing economic measures in response to ongoing geopolitical tensions.
Discussions continue on further implications for EU member states.
The US government has condemned the European Commission’s €890 million fine against Google for violating the Digital Markets Act, asserting it jeopardises the EU-US trade deal. Washington claims the sanction targets American firms unfairly and warns of escalating trade tensions with Europe.
Montenegro’s ambassador to the EU affirmed the nation’s support for new accession safeguards, contingent on objective criteria that avoid second-class membership status. Emphasising Montenegro’s advanced position in the enlargement process, he warned that changes to the existing framework must not undermine its extensive accession efforts.
Protesters in Venice greeted American ambassador Tilman Fertitta’s luxury yacht with inflatable toys and signs reading “Venezia non si USA” during his visit on Friday. The demonstration, opposing perceived American influence, led to clashes with police as activists voiced opposition to current U.S. foreign policy.
Hungary’s recent reforms under Prime Minister Péter Magyar aim to restore the rule of law, the European Commission reported. Key developments include joining the European Public Prosecutor’s Office and dismantling the controversial Sovereignty Protection Office, reflecting significant progress in anti-corruption measures and judicial independence.
German MEP Engin Eroglu warned that restricting Chinese access to the EU market could destabilise China’s export-driven economy. With an unprecedented €1 billion deficit in 2026, the European Commission plans unilateral measures, including tariffs and quotas, to protect industries from the surge of low-cost imports.
The European Commission has submitted a list of EU products to the US, seeking exemptions from the 15 per cent tariffs established under the 2025 trade deal. Key items include Roquefort cheese, olive oil, and machinery, representing approximately €150 billion in exports.
EU DRONE DEAL
Today, Europe finalises a new drone production agreement with Ukraine.
This strategy aims to enhance defence capabilities amid ongoing tensions.
Hungary’s parliament has approved a constitutional amendment to remove President Tamás Sulyok from office, amid allegations from Prime Minister Péter Magyar that Sulyok serves as a puppet for Viktor Orbán. Sulyok, however, claims the amendment is unconstitutional and remains firm in his position.
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