Europe has “failed to rob” Russia of its frozen assets, President Vladimir Putin has said in the aftermath of a deal to offer Ukraine a massive €90bn interest-free loan. It did not reach an agreement on the use of frozen Russian assets. “They failed to rob, due to grave consequences for the robbers,” he said.

There is a European push to use the assets to finance a reparations loan for Ukraine and add pressure on Russia to make peace.

Ukrainian "Sub Sea Baby" drones critically damage Russian submarine equipped with Kalibr cruise missiles in Novorossiysk, the Security Service said.

Russian President Vladimir Putin told his annual press conference on Friday that Moscow does not believe Ukraine is ready for peace talks.

Russian President Vladimir Putin is warning that Moscow will extend its gains in Ukraine if Kyiv and its Western allies reject the Kremlin's demands in peace talks.

Russian Deputy Foreign Minister Sergey Ryabkov told ABC News during an exclusive interview in Moscow on Monday that he believes the warring parties are close to a deal.

We’ve examined satellite imagery of Novorossiysk, where Ukraine says it carried out an undersea drone attack on a Russian submarine on Monday. Imagery from 11 December, days before the attack, shows three submarines docked inside a quay, surrounded by several warships.

The annual news conference sets the Kremlin’s tone for the next year and highlights President Vladimir V. Putin’s grip over Russia.

U.S. administration officials signaled Monday a peace deal between Russia and Ukraine may be closer than ever.

Ukrainian President Volodymyr Zelenskyy says peace proposals for U.S. officials to present to Russia could be finalized within days.

Two days of talks between President Volodymyr Zelensky and allies have brought some progress on security guarantees, but Russia remains opposed to any foreign forces in Ukraine.

The European Union (EU) has agreed on a €90 billion ($105 billion) loan to Ukraine to help it through Russia's ongoing invasion, a vital financial lifeline for Kyiv as it bears the vast cost of Moscow's ongoing invasion.