The United States and the European Union agreed on a framework trade deal to end months of uncertainty for industries and consumers.

The EU has pledged to buy $750 billion of energy from the U.S. in exchange for a lower rate tariff rate in its trade deal, but analysts say this is unrealistic.

Septimus Knox, from the cyber and security consultancy S-RM, told Newsweek as long as there is a market for Russian oil, it will be difficult for Ukraine's allies in Europe to pressure Moscow economically. Newsweek has contacted the European Union for comment.