Exclusive-EU, G7 weigh ban on maritime services for Russian oil exports, end to price cap

The European Commission has imposed a fine of €120 million on Elon Musk's social media platform, X, citing violations of new digital regulations, including issues related to deceptive practices and user safety. This action reflects ongoing scrutiny of tech companies operating within the EU's regulatory framework.

The UK government is working towards finalizing a youth mobility scheme with the EU by the end of 2026, which would allow tens of thousands of young British and European citizens to live and work in each other's countries. This initiative is part of a broader effort to reset the UK's relationship with Europe following Brexit.

A US official has criticized the European Union's recent fine imposed on Elon Musk's social media platform, X, claiming that Europe is effectively taxing American companies. This statement reflects ongoing tensions between US tech firms and European regulatory practices.

Russian President Vladimir Putin assured Indian Prime Minister Narendra Modi of uninterrupted oil shipments to India during their recent meeting in New Delhi, emphasizing the resilience of their partnership against external pressures, particularly from the United States.

Russian authorities have blocked access to Snapchat and imposed restrictions on Apple's FaceTime, citing that these apps were allegedly used to organize terrorist activities within the country. This move is part of a broader effort to tighten control over online communications, as stated by the state internet regulator Roskomnadzor.

The European Union has unveiled plans aimed at addressing investment barriers that are currently hindering its competitiveness in the global market. These initiatives are designed to streamline processes and enhance the overall investment climate within the EU, reflecting a proactive approach to economic challenges.

The European Commission has proposed a plan to provide €90 billion in support to Ukraine over the next two years, potentially utilizing frozen Russian assets or borrowing from international markets. This initiative aims to bolster Ukraine's economy amid ongoing conflict and financial challenges.