EU DEVELOPMENTS

Today, Europe focuses on strengthening ties and addressing economic challenges amid ongoing geopolitical shifts.
Key discussions reflect unity and commitment towards collaborative solutions.

Far-right leaders convened in Milan to advocate for remigration in Europe. League chief Matteo Salvini proposed a points-based residence permit and criticised the EU’s handling of the energy crisis, endorsing a renewed approach to importing Russian oil.

A coalition of EU-based titanium dioxide producers has filed a complaint with the European Commission against Chinese firm LB Group, alleging unfair subsidies linked to its planned acquisition of the UK’s Venator plant. This follows prior EU anti-dumping duties introduced against LB Group in 2025.

Ukraine conducted drone strikes on two oil refineries in Russia’s Samara Oblast on Saturday, targeting facilities vital to Russia’s energy infrastructure. The Novokuybyshevsk refinery experienced significant fires, while the Syzran facility was hit shortly after, impacting fuel supplies crucial for domestic and export distribution.

Caracas and the European Union have established a new cooperation agenda following discussions in the Venezuelan parliament, marking a significant economic pivot. This agreement coincides with Venezuela’s efforts to restore relations with the IMF and the World Bank.

Hungary’s incoming Prime Minister Péter Magyar announced that oil flows from Russia via the Druzhba pipeline could potentially resume next week, following communication from Hungary’s MOL. This pipeline, delivering oil through Ukraine, was halted after damage from a Russian drone strike in January, straining relations with Kyiv.