EU leaders announce intention to collectively rearm in face of Putin threat

At a summit in the former royal palace, the 27 heads of state and government said on Friday that the invasion of Ukraine had shown the urgent need for the EU to take responsibility for its own security and to rid itself of dependencies on others.

Shortly after leaders left Versailles, a new round of measures was announced by the G7, with Von der Leyen citing the failure to respect agreements over humanitarian corridors as being a motivating factor.

Russia is being denied most-favoured-nation status for its markets under World Trade Organization rules, which will mean tariffs being imposed on its goods, and Moscow risks having its representatives thrown out of the International Monetary Fund and the World Bank.