The proposed penalties follow last week's meeting of EU foreign ministers, who discussed "credible" reports of a Chinese factory producing UAVs for Russia.

Cooperation between Chinese and Russian companies is not targeted at any third party, and "no third party should interfere or impose sanctions," according to the diplomat. Read also: Biden slams China for backing Russia’s military in talks With Xi Mao Ning stressed that China is committed to promoting peace talks between Ukraine and Russia and

Fresh US sanctions against Russian banks have caused a further slide in the ruble, putting at risk some of the last channels of direct foreign-currency flows into the country. The ruble has slid more than 5% since November 21, when the US sanctioned some ...

Russia’s ruble took a blow following the news of the U.S. imposing sanctions on 50 Russian banks, including Gazprombank, hitting 108 against the U.S. dollar during early morning trade on Nov. 27. The U.

Russia's economy has taken a hit and the Ruble has dropped to a two-year low against the dollar. This is the lowest level it has dropped to since 2022 after Russia's new sanctions on Gazprombank put investors off.

The United States sent two bombers to simulate the release of weapons over NATO ally Finland on Monday after Russia used a new hypersonic missile on Ukraine. The B-52H Stratofortress strategic bombers,

He emphasized that NATO Secretary General Mark Rutte shares the same position as his predecessor Jens Stoltenberg, who called for lifting the strike restrictions during his tenure. The decision to lift the restrictions lies with individual NATO member states.

NATO would respond by targeting Russian launch sites if Russia were to attack, but the alliance will not strike first.