BRUSSELS (Reuters) -The Russian economy is in an increasingly precarious state as a result of a shift to a war mode and of Western sanctions over Moscow's invasion of Ukraine, a report by the Stockholm Institute of Transition Economics (SITE) said on Tuesday.

Negotiations with the UK over future fishing quotas should not hold up a security deal, the European Union's foreign policy chief has suggested. Kaja Kallas told BBC Newsnight "a few elements" of a deal were still to be agreed but "I think we are over the fish".

European Union draft plans to wait until 2028 to classify hydrogen produced from nuclear power as a "low carbon" fuel, risk knee-capping the market for the nascent energy source, Europe's nuclear industry has said.

European lawmakers and environmentalists also warn that slashing red tape might do more harm than good to farmers having to cope with climate change.

The new measure would slap duties of 25% on U.S. imports amounting to $23.5 billion, which includes motorcycles and other powersports commodities.

European Council President António Costa has criticized the trip by Serbia's president to Russia’s Victory Day parade last week.

Abu Dhabi state oil giant ADNOC on Tuesday won unconditional EU antitrust approval for its 14.7 billion euro ($16.3 billion)takeover of German chemicals company Covestro, confirming an earlier Reuters exclusive.

The European Union will likely recognize international carbon offsets under its new framework for cutting emissions as member states push for more flexibility on climate, according to Poland.

The EU is preparing new sanctions on Russia despite a potential meeting between Vladimir Putin and Volodymyr Zelenskyy on Thursday, three sources told CNBC.