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Europe’s backing of Ukraine gained new weight this week as President Trump sanctioned Russian oil giants Lukoil and Rosneft, while the E.U. unveiled new penalties and pledged two years of funding for Kyiv’s finances and defense. A plan to leverage frozen Russian assets for a €140 billion, interest‑free loan remains stalled by Belgian liability concerns, with revisions due by December. Brussels added 117 ‘shadow fleet’ tankers to its blacklist and moved toward a 2027 LNG import ban. Analysts warn the measures may not force a cease-fire, even as Trump floats a ‘peace board’ and signals sanctions could be lifted.

Prepared by Rachel Morgan and reviewed by editorial team.