Doing away with cheap fossil fuel deliveries from Moscow has come at a price teh EU commission chief has admitted Energy prices across th

European Union, largely due to the disruption of affordable Russian supplies, according to European Commission President Ursula von der Leyen.

Von der Leyen’s announcement followed on the heels of a positive visit to Belgium by Indian Commerce Minister Piyush Goyal, during which he met European Trade Commissioner Maroš Šefčovič. The next round of talks on a free-trade agreement has been set for March 10-14 in Brussels.

Von der Leyen is set to visit New Delhi at a time when the European Union has stepped up efforts to finalise a long-delayed free trade agreement with India

DAVOS, Switzerland (Reuters) -- The European Union wants to engage and negotiate with U.S. President Donald Trump, European Commission President Ursula von der Leyen said on Tuesday, warning of the risk of a "global race to the bottom" using tools such as tariffs.

EU chief Ursula von der Leyen said Tuesday the bloc should "engage constructively" with China, despite rising trade tensions between Beijing and Brussels.

European Commission President Ursula von der Leyen emphasizes strengthening partnerships with countries like India for mutual benefits and cooperation.

EU chief Ursula von der Leyen told the Davos economic forum on Tuesday the 27-nation bloc would seek to "engage early" and "stand ready to negotiate" with Donald Trump's US administration.

President Donald Trump has once again threatened the EU with duties, and European leaders are vowing to respond in kind.

Crypto, as much as anything, has played a front-and-center role so far at Davos as business leaders look to take advantage of whatever policies the most crypto-friendly president ever will enact.

German Finance Minister Joerg Kukies suggested the European Union might be in a better position if it talks with the US about potential trade tariffs instead of immediately imposing countermeasures.