The $8.9 billion fine imposed on French bank BNP Paribas for violating sanctions against Sudan and other countries was unprecedented, but investors(...)

Asked if the possibility of further EU sanctions on Russia,  German foreign minister Frank-Walter Steinmeier said it “might be a debate to be continued at the next meeting of the European heads of state and government”. Photograph: Reuters/Alexander Demianchuk

EU leaders may consider imposing further sanctions on Russia at next week’s leaders’ summit in Brussels, German foreign minister Frank-Walter Stein(...)

A member of the Donbass self-defence battalion takes part in  training at a base of the National Guard of Ukraine near Kiev today. Photograph: Valentyn Ogirenko/Reuters

Russia and Ukraine agreed today to consider a proposal for Kiev to pay off a multi-billion-dollar gas bill that has soured relations between Moscow an(...)

A worker walks past pipes at an underground gas storage facility near Striy. Russia has said state-controlled exporter Gazprom will not supply transit nation Ukraine with gas for its own use in June if Kiev fails to pay in advance and has warned a cut-off could affect supplies to European consumer nations via Ukraine. Photograph: Gleb Garanich/Reuters

Ukraine will owe Russia about $5.2 billion for natural gas as of June 7th if it makes no payments by that date, the chief executive of state-controll(...)

China and Russia signed a $400-billion gas supply deal today, securing the world’s top energy user a major source of cleaner fuel and opening up a new(...)

 Chinese president Xi Jinping and Russian president Vladimir Putin  in Shanghai for a conference of Asian countries yesterday. Photograph: EPA

President Xi Jinping of China and Russian leader Vladimir Putin were unable to announce an agreement on a natural gas deal yesterday, despite high exp(...)

 Swiss president and OSCE chairman Didier Burkhalter gives a press birefing at the end of his meeting with the European Foreign affairs council at the EU headquarters in Brussels, Belgium today. Photograph: EPA

The European Union agreed to impose sanctions on two Crimean companies and 13 more Russians and Ukrainians today, stepping up its response to Moscow’(...)

 Armed men in the occupied Office of the Public Prosecutor in Lugansk, eastern Ukraine, today. Photograph: Zurab Kurtsikidze/EPA

Pro-Moscow separatists seized government offices in more Ukrainian towns today in a further sign that authorities in Kiev are losing control of the co(...)

Russian president Vladimir Putin (centre) and former German chancellor Gerhard Schröder (third from right) meet in the Yusupovsky palace at a North Stream reception on the occasion of Mr Schröder’s 70th birthday, in St. Petersburg, Russia. Photograph: EPA/Anatoly Maltsev

Former German chancellor Gerhard Schröder has sparked uproar for welcoming Russian president Vladimir Putin to his 70th birthday party in St Peters(...)

Pro-Russian separatists in eastern Ukraine have seized seven international observers with the Organization for Security and Co-operation in Europe (OSCE) as well as five Ukrainian soldiers and their bus driver, the Ukranian Foreign Ministry said. Photograph: Roman Pilipey/EPA

The United States said today it was prepared to impose further sanctions on Russia over its actions in Ukraine, where armed pro-Moscow separati(...)