Kiev's major European allies sided with President Vladimir Zelensky in rejecting key elements of a U.S.-Russian plan to end the war in Ukraine that involves significant concessions to Russia, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-11-21/ukraine-and-european-allies-reject-key-parts-of-us-russian-plan">writes.</a>

Europe and Kiev reject key points in plan to end Ukraine war

On the night of November 1, citizens of Russia and Belarus living in Europe faced blocking of accounts and cards of Revolut, one of the key banks for citizens of these countries in the EU. This is not the first time that Neobank has blocked the accounts of passport holders of these countries. Oninvest spoke to two people who had previously managed to get their accounts unblocked at Revolut. In one case, the issue was solved by an official appeal to the regulator, in the second case - by uploading documents to the bank's system in the right combination.

How to get Revolut to unlock your account? Here are two success stories 

In the fall of 2025, Russian lawyers faced a sharp increase in the number of refusals by the Belgian Treasury to issue individual licenses to private investors to unblock assets in Euroclear, six lawyers specializing in such matters told Oninvest. This is due to new requirements of the Belgian regulator, which the latter began to apply retrospectively. The new conditions prove impossible for the majority of Russians who applied in 2024-2025 or transferred assets between brokers after 2023, the lawyers complain. They are already preparing their clients for a further fight - in the Belgian Council of State, Belgian courts and international investment arbitration, since Belgium will not accept corrected reapplications either.

99% rejection rate: how did Belgium deprive Russians of chances for quick unblocking of assets?

The European Union is planning to raise duties on steel imports to 50%, Bloomberg news agency, which has seen the draft proposal, <a href="https://www.bloomberg.com/news/articles/2025-10-02/eu-to-propose-doubling-tariff-rate-on-steel-imports-to-50?srnd=homepage-europe">reported</a>. The move would equalize the EU rate with duties in the United States.

Bloomberg: EU intends to double duties on steel imports - up to 50%

BP p.l.c.

Shell plc

TotalEnergies SE

Oil prices could fall below $60 a barrel before the end of the year, some analysts suggest

Shares of EU oil and gas giants were among the growth leaders. What is driving the market?

Alphabet Inc.

Shares of Alphabet (Google's parent company), however, were up 1.5% in trading on Sept. 5

Google fined nearly €3 billion in Europe for advertising market abuse

Washington is willing to lower auto duties only after European fees are eliminated

EU to speed up lifting duties on U.S. goods to protect auto industry - Bloomberg

Meta Platforms, Inc.

NVIDIA Corporation

The Estee Lauder Companies Inc.

Fed Chairman Jerome Powell gave hope for a rate cut in September at the annual economic forum in Jackson Hole. The White House confirmed the purchase of 10% of Intel. EU has accelerated work on the digital euro due to the passage of the U.S. Stablecoin Act. Meta struck a $10 billion deal with Google. Donald Trump met with Ukrainian President Vladimir Zelensky and European leaders in Washington. About the main events from August 18 to 22 - in our review.

Highlights of the week: Powell speech, Meta and Google deal, EU accelerates with digital euro

The U.S. and EU agreed on a trade deal last month 

Pharmaceuticals, chips and autos: US and EU clarify terms of trade deal

Rheinmetall AG

BAE Systems plc

Leonardo S.p.a.

An index of European military companies compiled by Bloomberg slipped 3.8% after hitting a record in June

The rally of European defense companies has stalled. Where should we shift our attention?

The dollar is coming out of a prolonged downward streak - July could be its first month of gains since December

The dollar has its best July since 2019. What will happen to the exchange rate next?

Stellantis N.V.

Stellantis has estimated its losses due to duties in 2025 at €1.5 billion