Europe holds the line as US steps back from Ukraine ultimatum
Also in this newsletter: Glass industry hits back at EU packaging rules
Also in this newsletter: Glass industry hits back at EU packaging rules

When it came to using frozen Russian assets as leverage, the EU blinked

Market anticipates possible ‘dilution’ of Europe’s sanctions against Moscow

Negotiations come as London and Brussels seek closer defence alignment in wake of Trump threats

Also in this newsletter: EU mutual defence without ‘irritating’ US

Relations between the US and Europe crumple further over Trump’s national security strategy and pressure on Ukraine

European institutions and capitals divided over how far to push back against Washington without hurting Ukraine