Updated on 03/07/2022 01:20 pm The countries of the European Union (EU) agreed to start the process so that Ukraine, Moldova and Georgia can become, in the future, members of the community club, after the request that these three countries made to Brussels last week. As reported by the French presidency of the EU on […]
Tag: EU
EU will act so that cryptocurrencies do not allow to avoid sanctions on Russia
The European Union (EU) is considering adopting measures to prevent cryptocurrencies from being used to circumvent the economic sanctions imposed on Russia for its invasion of Ukraine after detecting an increase in transactions with these assets that could indicate that they are being used for this purpose. “We have decided to work on additional measures […]
EU expels seven Russian banks from Swift but not Sberbank
The European Union (EU) published the rule that expels seven Russian banks from the Swift financial messaging system, as a result of Russia’s invasion of Ukraine, but the list does not include Sberbank, the country’s largest entity, nor Gazprombank, because they process a large part of the energy operations with the bloc. Specifically, the list […]
European Union does not rule out leaving tax rules suspended in 2023 by Ukraine
The European Commission (EC) will evaluate in the spring whether it goes ahead with its plan to reactivate the European fiscal discipline rules in 2023, since it expects that the Russian invasion of Ukraine will slow down its economic recovery after the pandemic, although it does not foresee that make it “derail”. The Community Executive […]
EU Adds Russian Oligarchs and Kremlin Spokesman to Ukraine Invasion Sanctions Blacklist
Updated on 02/28/2022 05:28 pm The European Union (EU) added several oligarchs and the president’s spokesman RussianVladimir Putin, to the black list of personalities sanctioned with a freezing of their assets and the prohibition of their entry as a result of the war against Ukraine. Six oligarchs, several personalities close to the Russian president -including […]
EU does not rule out the possibility of stopping importing Russian gas
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 […]
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 […]