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- G7 to release 100 million barrels of oil to address energy prices
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EU
The G7’s plan to release up to 100 million barrels of oil aims to fulfil its commitment from March’s 400-million-barrel emergency release, according to an internal IEA document. Despite some European nations already meeting obligations, ongoing tensions in the Middle East continue to impact diesel supply.
A Russian court sentenced Igor Yuryevich Odintsov, 68, to six years in prison for “publicly justifying terrorism” after he swam from Kaliningrad to Lithuania seeking asylum. He is barred from managing websites for three years post-release, reflecting ongoing tensions surrounding dissent in Russia.
Maricarmen Abascal, an elderly woman whose eviction in Madrid ignited nationwide protests, has died following her hospitalisation. Her case, reflecting Spain’s housing crisis, led to mass demonstrations and ultimately prompted Prime Minister Pedro Sanchez to call early elections amid ongoing civil unrest.
European governments are keen to collaborate with ICEYE, a Finnish space company specialising in mini satellites. These high-resolution radar satellites provide critical Earth observation and military reconnaissance capabilities, reinforcing national sovereignty for allied nations.
Germany emerged as the world’s largest exporter of plastic waste in 2025, exporting 810,000 tonnes. The UK followed with 675,000 tonnes, marking an eight-year high. The European Union exported 1.5 billion kg annually, primarily to non-OECD countries, with Turkey as the largest recipient.
Warsaw has registered its first same-sex marriage, following a court ruling requiring recognition of marriages registered abroad. This follows a November decision by the EU’s highest court, prompting local authorities to comply. Mayor Rafał Trzaskowski confirmed further recognitions will be pursued proactively.
A senior NATO military official confirmed that the planned withdrawal of 5,000 US troops from Germany will not affect NATO’s deterrence and defence strategies, following a dispute between President Trump and Chancellor Merz. The decision highlights ongoing tensions in transatlantic military commitments.
EU BRIEFING
This morning, Europe confronts challenges in energy dependency and strategic reforms.
Attention turns to exchange rates and economic forecasts.
The European Political Community convened in Armenia last week, addressing global instability and escalating US-EU trade tensions, particularly regarding potential tariffs on European cars. Participants, including Canadian Prime Minister Mark Carney, discussed strengthening democracy, military cooperation, and economic ties amid shifting geopolitical landscapes.
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