EU warns of depleted weapon stocks; Macron urges French to cut energy use by 10% - CNBC

French President Emmanuel Macron is urging his country to cut back on energy use amid fresh tensions with Russia over gas supplies.

European markets are feeling the fallout from the war in Ukraine, with the euro falling below 99 cents for the first time in 20 years after Russia said it would shut off its main gas supply pipeline to Europe indefinitely.

On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfunctioning turbine.

In Ukraine, President Volodymyr Zelenskyy said the country's push to liberate Russian-occupied territories in the south is making progress, a week after a much-vaunted counteroffensive began.

Britain's Ministry of Defense said in its latest intelligence update that Russian forces likely missed several deadlines to capture more of Ukraine's Donbas, and are now facing a new deadline to capture the region. Ukrainian officials say that Russian troops now have a deadline of Sept. 15 to achieve this, according to the ministry, which sees it as "highly unlikely."

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