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.

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.

Rumen Radev has been appointed Bulgaria’s new prime minister following last month’s parliamentary elections, where he won decisively. Radev, who aims to combat corruption and re-engage with Russia, faces pressing challenges, including budget drafting and judicial reforms, to secure nearly €400 million in EU funds.