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.

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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 Union Energy Commissioner Dan Jørgensen reported that while the EU is not facing an imminent energy-supply crisis, high energy prices are already impacting nearly 50 million Europeans struggling to heat their homes. He emphasised the need for flexible rules and increasing renewable energy investments.

The European Parliament’s proposed digital levy could generate up to €25.2 billion yearly, significantly exceeding the European Commission’s prior estimates. MEP Danuše Nerudová highlighted the broader tax base considered, which includes online gambling and digital services, amid ongoing negotiations for the EU’s long-term budget.

European defence ministers convened in Brussels to bolster support for Ukraine amid ongoing Russian aggression, which is impacting the region. Discussions will focus on enhancing the EU’s emergency protocols against hybrid threats and addressing financial aid needs for Ukraine’s military, as President Zelenskyy seeks €23.5 billion.

Pope Leo XIV cautioned against the dangers of artificial intelligence during a speech at UNESCO’s Paris headquarters, emphasising that technology must serve humanity. He warned of potential dehumanisation and called for safeguards, particularly for vulnerable children, amidst broader discussions on technology’s impact on society.

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