The economic vice president of the European Commission (EC), Valdis Dombrovskis, assured that the European Union (EU) does not exclude “any measure”, including the prohibition of importing Russian gas, among the sanctions it is approving to try to stop the invasion of Ukraine . “What I can say now regarding sanctions is that all options […]
Tag: EU
EU is willing to bear the economic cost of imposing sanctions on Russia
The European Union (EU) is willing to bear the economic cost of imposing sanctions on Russia, which will likely stem above all from rising energy prices, senior bloc finance officials said. EU leaders agreed on Thursday to impose new sanctions on Russia’s financial, energy and transport sectors, introduce export controls and blacklist more Russians over […]
The European aerospace sector, little exposed to EU sanctions against Russia
The European aerospace sector seems for the moment little affected by the sanctions of the European Union (EU) against Russia after its invasion of Ukraine. European aerospace giant Airbus said it was “analyzing the impact of the sanctions announced overnight on Thursday.” “We will comply with all applicable sanctions and laws as soon as they […]
Head of EU diplomacy admits discrepancies on the scope of sanctions on Russia for invading Ukraine
Updated on 02/25/2022 11:12 am The head of European diplomacy and vice president of the European Commission (EC), Josep Borrell, assured that if the sanctions applied against Russia have not included its exclusion from the Swift payment system, it is because there was not enough consensus, but he does not rule out that this measure […]
EU countries agree on rules for companies to report on their sustainability
The Member States of the European Union (EU) reached an agreement on Thursday on the new directive that will oblige large companies and listed companies, including SMEs, to regularly report on their social and environmental sustainability, which gives free rein to negotiate the final text with the European Parliament. The European Commission (EC) proposed this […]
The US hits the Nord Stream 2 consortium and warns of more sanctions on Russia
The United States on Wednesday hit the consortium in charge of operating the Nord Stream 2 gas pipeline with sanctions and intensified its collaboration with the European Union (EU) to retaliate against Russia if it continues with its actions in eastern Ukraine. The sanctions against Nord Stream 2 represent the next step in the punishment […]
EU: alliance between China and Russia challenges the multilateral order
The European High Representative for Foreign and Security Policy, Josep Borrell, warned that “the alliance between China and Russia challenges the multilateral order” and advocated that the European Union (EU) counteract it by being more present in the Indo-Pacific area. “It is obvious that the convergences between China and Russia have an importance in the […]
EU will sanction Putin and the rest of those involved in recognition of Donbas
The European Union (EU) will react with sanctions against those involved in the illegal decision announced this Monday by the Russian president, Vladimir Putinto recognize the independence of the self-proclaimed separatist republics of Donetsk and Lugansk, in the region of donbasin eastern Ukraine. The announcement was made in a joint statement by the president of […]
EU denounces China before the WTO for obstructing European companies to defend patents
The European Union (EU) filed a complaint on Friday with the World Trade Organization (WTO) against China, which it accuses of preventing European technology companies from resorting to foreign courts to defend their patents. “EU companies have the right to seek justice on fair terms when their technology is used illegally. That is why we […]
Russia and Ukraine accuse each other at the UN of breaching the Minsk agreements
Russian Deputy Foreign Minister Sergey Vershinin accused Ukraine this Thursday at the UN Security Council of failing to comply with the 2015 Minsk agreements, the same accusation made by the Ukrainian ambassador to the UN. “Don’t be fooled” by these “superfluous speculations,” Vershinin said of statements by top officials of Western powers warning Russia against […]