SNP's Flynn to raise Brexit 'folly' with Bank of England boss

The recent sanctions imposed by the European Union on Russia's energy sector, particularly targeting companies like Rosneft and Lukoil, have led to a significant spike in oil prices. This move, part of a broader strategy to respond to Russia's actions in Ukraine, includes a ban on liquefied natural gas imports and will phase out existing contracts. This is crucial as it not only affects global energy markets but also highlights the ongoing geopolitical tensions and the EU's commitment to supporting Ukraine.

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.

The US is urging the European Union to reverse its new climate and human rights regulations, claiming that these rules could significantly limit liquefied natural gas (LNG) imports from the US and Qatar. This demand comes as the Trump administration has approved a contentious gas export hub along the Gulf of Mexico. The situation is critical as it poses an 'existential threat' to European economies that rely on these energy imports, highlighting the ongoing tension between environmental policies and energy needs.

The final T20 match between New Zealand and England is underway in Auckland, where England is aiming for a series win. The game has started with New Zealand scoring 8 runs without losing a wicket, showcasing an exciting beginning. This match is significant as it not only determines the series winner but also highlights the competitive spirit of both teams in the T20 format, which is popular among cricket fans.

The second men's one-day international match between Australia and India is currently taking place at Adelaide Oval. As the game unfolds, fans are keenly watching how the teams perform, especially with Australia's Josh Hazlewood starting strong against India's top order. This match is significant as it showcases the competitive spirit between two cricketing giants, and the outcome could influence their standings in the series.

Four survivors of a grooming scandal are demanding the resignation of Minister Jess Phillips, stating they will only rejoin the inquiry if she steps down. This situation highlights the ongoing tensions surrounding the inquiry, as sources indicate that Phillips has the full backing of the government. The call for her resignation underscores the deep frustrations felt by survivors and raises questions about the inquiry's integrity and effectiveness.

Tony Abbott has expressed his support for Australian Defence Force personnel to participate in a peace taskforce led by Donald Trump aimed at resolving the ongoing conflict in Gaza. This initiative is significant as it highlights Australia's willingness to engage in international peace efforts and could strengthen diplomatic ties while addressing humanitarian concerns in the region.

The recent sanctions imposed by the European Union on Russia's energy sector, particularly targeting companies like Rosneft and Lukoil, have led to a significant spike in oil prices. This move, part of a broader strategy to respond to Russia's actions in Ukraine, includes a ban on liquefied natural gas imports and will phase out existing contracts. This is crucial as it not only affects global energy markets but also highlights the ongoing geopolitical tensions and the EU's commitment to supporting Ukraine.

Voters in Caerphilly are heading to the polls for a byelection that could signal a significant change in Welsh politics. With Plaid Cymru and Reform UK mounting strong campaigns against Labour, which has dominated the region since 1999, this election is crucial. A shift in power could reshape the political landscape in Wales, making it an event to watch closely.