Bloomberg President Joe Biden faces a crucial test of his ability to project power and reassurance amid the biggest European security crisis in decades, as he seeks to rally US allies around harder-hitting sanctions to punish Russia for invading Ukraine. Biden will join back-to-back summits Thursday with Nato, the Group of Seven and the European Union in Brussels, where the ...

Bloomberg Poland expelled 45 Russian diplomats after arresting a low-level civil servant on suspicion of spying, joining a counter-espionage crackdown taking places across the EU’s east following Moscow’s attack of Ukraine. The diplomats, which Polish intelligence identified as officers of the Russian special services and their associates, will have to leave the country in the next five days, Foreign Ministry ...

  Bloomberg Finland has taken legal custody of 21 yachts while it investigates whether their owners are sanctioned following Russia’s attack on Ukraine. The luxury boats sit in winter storage and cannot be transferred while Finnish Customs looks into their beneficial owners, Sami Rakshit, head of the enforcement department, said by phone on Wednesday. Asked to describe the boats, Rakshit ...