Iranian attacks on Qatar's gas processing plant have caused fuel shortages in Europe. EU leaders are calling for a moratorium on attacks on energy facilities.
A sailor was killed due to sabotage against the vessels Safesea Vishnu and Zefyros. Iraq has suspended the operation of oil terminals for the safety of maritime navigation.
G7 ministers plan to use oil reserves to stabilize the market. The IEA will provide data on reserves for a rapid response to fuel price spikes.
Trump discussed with Putin the lifting of sanctions to lower oil prices. The G7 is ready to use strategic reserves due to the rise in barrel prices to $120.
G7 countries have decided not to use oil reserves to stabilize prices for now. France confirmed its readiness for coordinated steps if necessary.
The European Union will appeal to international partners for additional funding for Ukraine to cover a €30 billion deficit. Hungary is blocking a €90 billion EU aid package due to a dispute over oil supplies.
Ukrainian President Volodymyr Zelenskyy announced Ukraine's readiness to help stabilize the situation in the Middle East. He instructed the Minister of Foreign Affairs and other agencies to develop options for support without compromising Ukraine's defense.
G7 leaders reaffirmed their support for Ukraine and Trump's peace efforts. They also welcomed assistance to Ukraine for getting through the winter.
President Zelenskyy signed decrees imposing sanctions against 225 captains of vessels exporting Russian oil products. Sanctions were also imposed on 46 Russian citizens, 2 Iranian citizens, and 44 Russian companies serving the military-industrial complex.
Due to the forecasted cold snap and the risk of new shelling, the energy system remains under increased load and in a state of readiness.
Greece and Malta have expressed concerns about the EU's proposal to replace the price cap on Russian oil with a services ban. They fear the impact on the shipping industry and energy prices.
Spokesperson for the Ministry of Foreign Affairs of Ukraine, Georgiy Tykhyi, commented on the EU sanctions against Russian propagandists, calling them accomplices in atrocities. He called for expanding the sanctions list and blocking propaganda channels.
Following another Russian attack on Ukraine's energy infrastructure, Prime Minister Yulia Svyrydenko announced a maximum increase in imports and the introduction of new alternative capacities. The government is working to restore damaged generation and support the population.
Ukraine is organizing a meeting of the "Energy Ramstein" in the G7+ format. Denmark will allocate over 20 million euros, and Japan is preparing a package of equipment for the energy sector.
Donald Trump could continue to lead his proposed Peace Council after his presidential term ends.
US President Donald Trump does not plan to visit Paris to participate in the emergency G7 summit proposed by Macron. Macron also will not extend his stay in Davos until Trump's arrival.
Kyiv's G7 allies will meet with Donald Trump in Davos. They seek his personal support for security guarantees for Ukraine after a ceasefire.
Asian stock markets opened the week with gains due to positive US employment data. Oil prices are rising amid escalating protests in Iran.
France has postponed the G7 summit by one day to avoid coinciding with Donald Trump's 80th birthday and a UFC tournament at the White House. The event will take place on June 15-17, 2026, in Évian-les-Bains.
The US is considering new sanctions against Russia's energy sector, including its "shadow fleet" of tankers, if Putin rejects a peace deal with Ukraine. These measures could be announced as early as this week, as discussed by US Treasury Secretary Scott Bessent with European ambassadors.
The European Union may announce a decision on the confiscation of frozen Russian assets within two weeks. These funds, up to 100 billion pounds sterling, or over 130 billion US dollars, include 8 billion pounds sterling (over 10 billion dollars) in the United Kingdom and are intended to provide funding for aid to Ukraine.
Japan rejected the EU's proposal to use frozen Russian assets to finance Ukraine. Tokyo refused to use $30 billion in frozen assets held on its territory to issue a loan to Ukraine.
G7 countries are ready to consider confiscating all frozen Russian assets to achieve a just peace in Ukraine. The Group of Seven will work on financial support for Ukraine, including the use of sovereign Russian assets.
President Zelenskyy stated that Russia started the war and does not want to end it, and Putin does not care about the losses. He thanked the US and personally Trump for the assistance provided, emphasizing the importance of a just peace.
The US Treasury Department said that sanctions against Rosneft and Lukoil are already reducing Russia's oil revenues. The analysis showed that these measures are aimed at reducing the financing of Russia's military efforts against Ukraine.
President Volodymyr Zelenskyy announced the provision of 100% of funds for gas imports. Ukraine is counting on EU support and is negotiating with Norway and other European countries.
President of Ukraine Volodymyr Zelenskyy signed decrees on imposing sanctions. The restrictions apply to 14 pro-Russian propagandists and 10 individuals and 31 legal entities that support the Russian military-industrial complex.
Volodymyr Zelenskyy approved the main directions of further sanctions work against Russia after a meeting with the heads of the Ministry of Foreign Affairs, the SBU, and the Foreign Intelligence Service. He instructed to rectify the absence of sanctions against Russian enterprises involved in weapons production and to work more actively with international partners to synchronize sanctions.
The G7 will continue to support Ukraine in means of repelling enemy air strikes and restoring power plants destroyed by the Russians. Energy ministers of the G7 countries are sending an important signal as Russia continues to attack Ukraine's civilian energy infrastructure.
Russia launched a combined attack on Ukraine, using over 650 drones and more than 50 missiles. The attack affected at least 11 regions, causing destruction and casualties.
