The EU is preparing new sanctions on Russia despite a potential meeting between Vladimir Putin and Volodymyr Zelenskyy on Thursday, three sources told CNBC.

PARIS (Reuters) - French President Emmanuel Macron said on Tuesday he was in favour of imposing new sanctions on Russia in the coming days if Moscow failed to respect a ceasefire, mentioning financial services and oil and gas as possible targets.

Also in today’s newsletter, Modi claims Indian military ‘superiority’ over Pakistan, and China’s CATL to raise at least $4bn

The ultimatum from Berlin comes as Ukraine said Russia was still carrying out attacks along the front line, despite a ceasefire proposal agreed on the weekend among Kyiv's allies for a 30-day ceasefire to start Monday. The Kremlin said such an ultimatum "is unacceptable for Russia."

Mr. Brooke has traveled to about 100 countries reporting for the New York Times, Bloomberg, and Voice of America. He reported from Russia for eight years and from Ukraine for six years, coming home in 2021.

Talks may take place between Russia and Ukraine in Turkey on Thursday. Ukraine’s President Volodymyr Zelensky said he would be there. US President Donald Trump also said he was open to going. The one man who has not said anything about going is Russian President Vladimir Putin.

BRUSSELS (Reuters) -The Russian economy is in an increasingly precarious state as a result of a shift to a war mode and of Western sanctions over Moscow's invasion of Ukraine, a report by the Stockholm Institute of Transition Economics (SITE) said on Tuesday.

Russia has spent most of its National Wealth Fund in the past few years, with liquid funds potentially being depleted in 2025, one economist says.