As relations between the US and Ukraine sour, Europe is scrambling to fill the gap. Russia's frozen assets may be a solution.

The European Union will provide Moldova with 60 million euros ($62.95 million) to spend on defence this year, the European Council's president said on Monday, to boost the capabilities of the small agricultural country that neighbours Ukraine.

Adding insult to injury, the next day President Donald Trump vowed to slap a 25 percent tariff on goods from the EU and said that the supranational union was created to “screw the United States.”

Federal Communications Commission Chairman Brendan Carr on Monday called out the European Union’s content moderation law as incompatible with America’s free speech tradition and warned

Chief EU diplomat Kaja Kallas argued the EU is a "peace project," not an organization meant to "screw" the United States.

In parallel, they should expand the model pioneered by Denmark of financing production by Ukraine’s arms industry, which has transformed its capabilities since 2022. That could enable a big boost in production of drones and missiles — helping to turn Ukraine into what the EU’s Ursula von der Leyen called an indigestible “steel porcupine”.

In effect, the changes will mean that carmakers can miss the target this year as long as they outperform in the next two.

The European gas market is bracing for further volatility as it enters the crucial summer restocking season facing tighter global supplies of the liquefied natural gas on which it is now heavily dependent.

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.

In this week's Wider Europe, which is being published a little earlier this week, I'm drilling down on one thing: how the EU can stay relevant in the Ukraine peace talks.