The new Dutch government dominated by the far-right party of Geert Wilders has officially asked the European Union for an exemption from its migration obligations.

The Netherlands' right-wing government said on Wednesday it had asked the EU for an opt-out on migration rules so it can implement a clamp-down on unwanted arrivals. "I just informed @EU_commission that I want a migration opt-out for the Netherlands within Europe.

The Dutch government asked the European Union to opt out of its migration and asylum agreement as the new right-wing cabinet pushes for the country’s strictest ever immigration policies.

European Union sanctions could target financial institutions that underpin battlefield product flows to Russia as well as the supply of products made in southeast Asia by Western subsidiaries, the EU's sanctions envoy said on Wednesday.

Officials consider proposal to crack down on shipments to Moscow from European company subsidiaries based overseas

Brussels has said it will deduct €200mn from EU budget payments to Hungary, increasing tensions with Prime Minister Viktor Orbán’s government over its approach to immigration. The move by the EU’s top court comes a day after Budapest missed a deadline to pay a fine of the same value for breaking EU asylum laws.

The European Union said it will deduct €200 million ($222 million) from its next payments to Hungary after the country failed to pay a fine imposed for its asylum policies before the expiration of a Tuesday deadline.

The EU Commission says it will withhold funds for Hungary after Budapest failed to pay a fine for violating asylum rules. Prime Minister Viktor Orban's nationalist Fidesz government has taken a hard l