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The move comes as the two geopolitical heavyweights face economic and security challenges from the world's two biggest economies, China and the United States.
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The EU executive will also give member states until 2035 to move off copper telecommunications networks, according to the draft document.
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Von der Leyen said the EU was also readying other sanctions on those responsible for the "continued and brutal repression" of protests that rocked the Islamic Republic.
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Harsh V Pant says Donald Trump’s second term has heightened uncertainty for US allies, creating more anxiety among partners than adversaries, injecting volatility into global politics and testing long-standing international relationships.
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The timing is critical. With India-US trade talks facing repeated friction over tariffs, agriculture and market access, the EU deal offers India both economic scale and strategic balance.
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In a speech to the World Economic Forum in the Swiss ski resort, von der Leyen warned that Trump risked plunging US ties with the European Union into a "downward spiral" over the autonomous Danish territory.
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EU’s Anti-Coercion Instrument is its most powerful trade weapon. It allows Brussels to retaliate against countries that use tariffs or economic pressure to force political or strategic concessions.
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Trump vowed on Saturday to implement a wave of increasing tariffs from February 1 on EU members
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European nations targeted by Donald Trump’s Greenland tariff threat vow unity, warning such measures undermine transatlantic ties and risk a dangerous downward spiral.
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The EU and UK rejected Donald Trump’s Greenland-linked tariff threats, warning of a dangerous transatlantic rift, vowing unity and sovereignty, as protests erupted in Greenland and European leaders condemned the move.
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Commerce and Industry Minister Piyush Goyal will hold discussions with European Union Commissioner for Trade and Economic Security Maros Sefcovic during a two-day official visit.
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The EU has assigned excessively high baseline default carbon-intensity values on Chinese products and plans to raise them over the next three years, the ministry said.
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Protests in November against the government’s proposed tax and spending plans turned into the biggest display of unrest in more than a decade.
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"The Great Replacement has already happened", Musk wrote on X.
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The European Union and several member states criticised US visa bans on European tech regulators, calling them coercive and vowing to defend EU digital rules and regulatory autonomy.
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EU leaders debated using frozen Russian assets to back a major loan for Ukraine, as Belgium sought guarantees against retaliation and divisions emerged over legality, risk-sharing and support timelines ahead.
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The European Union is weighing whether to use frozen Russian central bank assets to finance Ukraine, exposing legal, financial and geopolitical rifts as Belgium and others warn of risks.
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The EU has imposed 19 packages of sanctions so far, but Moscow has managed to adapt to most measures and is still selling millions of barrels of oil to India and China, albeit at discounts to global prices.
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Moscow would retain a legal claim on the assets, however, which has left Belgium anxious that it could face repercussions.
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During their discussions, Goyal and Šefčovič carried out detailed deliberations across key areas of the proposed agreement
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The European Union fined Elon Musk’s X €120 million under its Digital Services Act for transparency violations, triggering sharp US criticism and reopening tensions over digital regulation and free speech.
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US Vice President JD Vance criticised the European Union’s expected fine on X, urging the bloc to uphold “free speech” and avoid penalising American platforms over alleged advertisement and design violations.
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The EU has in recent years ramped up pressure on Big Tech, seeking to curb potential market abuses as the US tech titans’ clout and digital footprint expanded
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Von der Leyen said the EU’s contribution would be part of a broader international effort. She explained that the goal is to help Ukraine defend itself and negotiate peace from a position of strength.
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Despite recent attempts by the US to broker a peace deal in Ukraine, the EU has no plans to give up on the shift away from Russian gas.
