The European Union adopted fresh sanctions against Russian oil interests on Monday, targeting traders Murtaza Lakhani and Etibar Eyyub for helping Moscow to circumvent Western sanctions on crude exports that help to fund Russia's war in Ukraine.

The European Union on Friday indefinitely froze Russia’s assets in Europe to ensure that Hungary and Slovakia, both with Moscow-friendly governments, can’t prevent the billions of euros from being used to support Ukraine.

Russia's central bank says it is suing Belgium's Euroclear in court following an EU bid to use Russian assets to aid Ukraine.

European Union leaders have committed to funding Ukraine's economic and military needs for the next two years.

European officials are growing concerned that an emerging US-brokered peace deal in Ukraine could be exploited by Russia, paving the way for a re-invasion of territory in the war-battered nation’s eastern Donbas region.

Imports dipped after the invasion, and Europe placed sanctions on a number of executives at Russian fertiliser companies. But it soon made clear that the companies themselves, and the commodities they sell,

Warning comes after head of Nato called Europe ‘Russia’s next target’ and said countries must prepare for ‘scale of war our grandparents or great-grandparents endured’

The European Union may move to freeze Russian assets in Europe as Ukraine continues to fight a bloody war against Russia, Reuters reports. CBS News' Ramy Inocencio reports.

A top European Union official has warned the United States against interfering in European affairs. European Council President António Costa was reacting Monday to the Trump administration's new national security strategy.

The lawsuit was a warning to European officials who are racing to agree to a plan to use Russian government assets in Europe to lend money to Ukraine.

Russia has tried to make the most of the White House's national security strategy and President Trump's criticism of Europe and Ukraine's leadership of late.