EU

Ukrainian President Volodymyr Zelenskyy granted approval for Russia’s Victory Day parade in Moscow on 9 May, citing humanitarian reasons after US-brokered negotiations. Concurrently, US President Donald Trump announced a three-day ceasefire beginning Saturday, including a significant prisoner swap between both countries.

US Secretary of State Antony Blinken met Italian leaders Giorgia Meloni and Antonio Tajani in Rome to discuss international security. Tajani expressed Italy’s commitment to a post-war mission to Hormuz. Blinken highlighted ongoing negotiations with Iran and the challenges of unreliable allies.

The European Parliament’s rapporteurs have reached an agreement on the digital euro’s design, facilitating both online and offline payments. This development addresses growing economic tensions with the US and aims to reduce dependence on American payment systems, advancing the legislative process following months of impasse.

The EU has enacted a comprehensive customs reform to manage increasing trade volumes and streamline standards enforcement. The agreement, deemed the most significant since 1968, introduces a customs data hub for efficient monitoring and simplified procedures for compliant traders, while enhancing controls on non-compliant goods.

Valérie Hayer, MEP and President of Renew Europe, discussed key policy directions and strategies for enhancing the bloc’s economic resilience. She emphasised the importance of innovation and collaboration among EU member states to address current challenges and strengthen economic stability across Europe.

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