Reeves says economic damage caused by Brexit forcing her to take action in budget

Ukrainian President Volodymyr Zelenskyy has praised the recent sanctions imposed on Russian oil and gas by the EU and the US, highlighting their importance in supporting Ukraine amidst ongoing conflict. These measures aim to weaken Russia's economic power and could play a crucial role in the broader strategy to restore peace in the region. As discussions continue on utilizing frozen assets for Ukraine's benefit, the international community's commitment to standing against aggression is more vital than ever.

The European Union has taken a significant step by enacting its 19th package of sanctions against Russia, as announced by foreign policy chief Kaja Kallas. This move underscores the EU's commitment to holding Russia accountable for its actions and maintaining pressure on the country. Such sanctions are crucial in the ongoing geopolitical landscape, as they aim to deter further aggression and support international stability.

At the EU summit in Brussels, European leaders are coming together to strengthen their support for Ukraine. They plan to approve new sanctions against Moscow and discuss using frozen Russian assets to provide a significant loan for Ukraine's recovery. This is crucial as it not only demonstrates solidarity with Ukraine but also aims to hold Russia accountable for its actions, making a strong statement about the EU's commitment to peace and stability in the region.

Vyacheslav Volodin, a prominent Russian MP, has criticized the European Union for opting to purchase American gas at inflated prices, which he likens to paying 'Chanel prices.' This decision comes after the EU turned away from more affordable Russian energy sources. The implications of this choice are significant, as it not only affects energy costs for EU consumers but also highlights the ongoing tensions between the EU and Russia over energy dependency.

In a decisive move, President Trump has imposed sanctions on Russia's oil giants, reflecting growing frustration over Moscow's failure to act in the ongoing Ukraine conflict. This action, coupled with the EU's ban on Russian liquefied natural gas (LNG), signals a united front against Russia's aggression. These measures are significant as they aim to pressure Russia into reconsidering its stance, potentially leading to a resolution in Ukraine and reinforcing international support for the country.

The European Union is currently facing internal disagreements regarding the use of frozen Russian assets, with some members advocating for the funds to be allocated exclusively for purchasing European-made weapons for Ukraine. This division highlights the complexities of EU unity in addressing the ongoing conflict and raises questions about the effectiveness of their collective response. The outcome of this debate could significantly impact both the EU's support for Ukraine and its geopolitical stance.

Italian Prime Minister Giorgia Meloni has issued a cautionary statement regarding the European Union's potential actions to utilize frozen Russian assets. She emphasized that any such moves must adhere to international law, highlighting the importance of legal compliance in international financial matters. This stance is significant as it reflects Italy's commitment to upholding legal standards while navigating complex geopolitical issues, particularly in the context of ongoing tensions with Russia.

The European Union has announced its 19th sanctions package against Russia, which includes a commitment to further reduce imports of Russian gas and oil. This move is significant as it reflects the EU's ongoing efforts to hold Russia accountable for its actions and to decrease its reliance on Russian energy sources. By tightening these sanctions, the EU aims to support international stability and promote energy independence among its member states.

Oil prices have surged following the US sanctions on Russia's Rosneft and Lukoil, indicating a significant shift in the energy market. This development is crucial as it not only affects global oil supply but also reflects the ongoing geopolitical tensions. Additionally, the weaker-than-expected UK inflation report has led to speculation about potential interest rate cuts by the Bank of England, which could further influence economic conditions. The interplay between these factors highlights the complexities of the current financial landscape.

In the second men's one-day international match between Australia and India at Adelaide Oval, Australia is chasing a target of 265 runs to secure a victory. The match is currently underway, with India starting cautiously against Australia's Josh Hazlewood, who has previously troubled their top order. This game is significant as it showcases the competitive spirit of both teams and could influence their standings in the series.

Volkswagen is grappling with a significant chip crisis following the Dutch government's seizure of semiconductor producer Nexperia, which occurred under pressure from the US. This situation is critical as it highlights the ongoing global semiconductor shortage that has been affecting the automotive industry, leading to production delays and potential financial losses for major car manufacturers like Volkswagen. The implications of this crisis could ripple through the supply chain, affecting not just Volkswagen but the entire automotive sector.

The final T20 match between New Zealand and England is underway in Auckland, with England aiming for a series victory. The match has started with some exciting plays, including a strong opening from Tim Seifert. This game is significant as it not only determines the series winner but also showcases the talents of both teams in a thrilling format of cricket.

Ukrainian President Volodymyr Zelenskyy has praised the recent sanctions imposed on Russian oil and gas by the EU and the US, highlighting their importance in supporting Ukraine amidst ongoing conflict. These measures aim to weaken Russia's economic power and could play a crucial role in the broader strategy to restore peace in the region. As discussions continue on utilizing frozen assets for Ukraine's benefit, the international community's commitment to standing against aggression is more vital than ever.

A recent discovery at the Dounreay nuclear power plant near Thurso has revealed a waste particle that is considered the most radioactive found in the last three years. This finding is significant as it highlights ongoing monitoring efforts and the importance of safety in nuclear waste management.