It comes amid concern that energy-importing countries continue to top up President Vladimir Putin's war chest with oil and gas revenue on a daily basis.
Biden will announce new sanctions on over 400 Russian individuals and entities, and new measures to crack down on Russian efforts to evade current sanctions.
The azure waters of southwest Turkey saw the arrival of a two multimillion-dollar superyachts this week reportedly belonging to Russian oligarch Roman Abramovich.
Preparing for the next phase of Putin's war against Ukraine is the centerpiece of Biden's NATO meeting this week, amid rising fears of Russian chemical weapons.
Elon Musk officially opened Tesla's first manufacturing facility in Europe as the company looks to take pressure off its other factories in the U.S. and China.
India is expected to announce a payment arrangement that would allow trade with Russia to continue, the president of an Indian exporters' association told CNBC.
A high-ranking and long-standing aide to Russian President Vladimir Putin has quit his role due to his opposition to Russia's invasion of Ukraine
Checked
7 minutes 47 seconds ago
Get complete CNBC business news coverage online. Find the latest business news pertaining to Europe. Sector watch news, headlines; top stories is available on the official CNBC Europe site.