EU Sanctions & Trade: The EU’s 21st Russia sanctions package is set to include entities based in India, potentially complicating ratification of the EU-India trade deal as member states weigh unanimous approval by mid-July. Digital Payments: The ECB is convening a major Frankfurt conference on the digital euro, tokenised markets and cross-border payments, pushing a more “digital” retail and wholesale payments agenda. G7 & Iran: As Trump heads to the G7 in France, the US and Iran say a tentative peace deal is in place, with European leaders urging Tehran must never acquire a nuclear weapon. AI Sovereignty: The European Commission is reviewing the impact of Anthropic cutting off advanced models for non-US users, reigniting calls for stronger European tech independence. Switzerland Vote: Swiss voters reject a 10 million population cap, easing fears it could disrupt EU free-movement ties. World Cup: Germany hammer Curacao 7-1 while Sweden rout Tunisia 5-1, setting the tone for a high-scoring weekend. UK-Japan Investment: Britain and Japan agree a £24bn investment push spanning infrastructure, finance and offshore wind, with defence cooperation also on the agenda.