EU

The European Union’s sanctions on Russia, intended to undermine its war efforts in Ukraine, are showing signs of impact. Russia’s economy contracted by 0.3% early this year, with a ballooning public deficit and rising inflation, prompting officials, including President Putin, to seek measures for economic recovery.

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Negotiations on the EU-US trade deal remain stalled, as the European Commission reported “progress” after late-night talks with MEPs and member state officials. Despite this, divisions persist over tariff safeguards, with further discussions scheduled for 19 May amid renewed US tariff threats.

EUROPE MORNING BRIEFING

This morning, European Commissioner Hadja Lahbib affirmed the European Commission’s commitment to address tensions in the Middle East and enhance repatriation efforts for stranded Europeans. The EU Civil Protection Mechanism has been activated for this purpose.

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