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Tag: European Union

EU banned three major credit rating agencies from listing Russia and its companies

EU banned three major credit rating agencies from listing Russia and its companies EU banned three major credit rating agencies from listing Russia and its companies

Updated on 03/15/2022 10:52 am The European Commission (EC) reported that the European Union (EU) has banned major credit rating firms from listing Russia’s sovereign debt and the country’s companies as part of its latest sanctions package. “These sanctions will contribute to increasing economic pressure on the Kremlin and reducing its ability to finance the […]

Russian government bans grain exports until June 30

Russian government bans grain exports until June 30 Russian government bans grain exports until June 30

Updated on 03/14/2022 07:27 pm Russia will temporarily ban grain and sugar exports due to international sanctions and to protect the domestic market, following the signing of the decrees on Monday by Prime Minister Mikhail Mishustin. The Executive of Vladimir Putin thus imposes a temporary ban on grain exports to the countries of the Eurasian […]

EU monitors that sanctions against Russia are not avoided and will react if it happens

EU monitors that sanctions against Russia are not avoided and will react if it happens EU monitors that sanctions against Russia are not avoided and will react if it happens

The European Union (EU) will monitor “very closely” that the sanctions imposed on Russia are not avoided and “is ready to react” if it detects that these have been avoided, while continuing to “increase pressure” on Moscow with a new package of restrictive measures that it hopes to agree on Monday, according to the European […]

EU countries agree on a rule to improve gender equality in company leadership

EU countries agree on a rule to improve gender equality in company leadership EU countries agree on a rule to improve gender equality in company leadership

The Ministers of Employment and Social Affairs of the European Union (EU) gave their approval to a community directive that aims to improve the gender balance in the boards of directors of companies, ten years after the European Commission (EC) presented the legislative proposal. After the green light from the Member States, it will still […]

EU to ban export of luxury goods to Russia

EU to ban export of luxury goods to Russia EU to ban export of luxury goods to Russia

Updated on 03/11/2022 03:04 pm The European Union (EU) will ban the export of luxury goods to Russia, in order to deal a “direct blow to the Russian elites” for the invasion of Ukraine, announced the president of the European Commission (EC), Ursula von der Leyen. “We will ban the export of any kind of […]

The EU believes it is “feasible” to reduce Russian gas consumption by two thirds this year

The EU believes it is “feasible” to reduce Russian gas consumption by two thirds this year The EU believes it is “feasible” to reduce Russian gas consumption by two thirds this year

The president of the European Commission (EC), Ursula von der Leyen, stated that she considers “feasible” that the European Union (EU) do without by the end of the year two thirds of imports of Russian natural gas. “It is something doable. It is not a ban (on Russian gas), but a reduction”, Von der Leyen […]

EU investigates Google and Meta for possible competition gap

EU investigates Google and Meta for possible competition gap EU investigates Google and Meta for possible competition gap

Updated on 03/11/2022 12:17 pm The European Union (EU) threatened on Friday to crack down on a deal between Google and Facebook parent company Meta for online advertising services, saying it could violate the bloc’s competition rules. The new research in Europe, which is spearheading efforts to curb big tech companies, takes aim at the […]

EU energy response threatens its climate goals

EU energy response threatens its climate goals EU energy response threatens its climate goals

The measures proposed by the European Commission (EC) to speed up the disconnection of Russian gas and cushion the escalation of prices in the electricity market place geopolitical urgency in the first line of energy action and take priority away from the climate objectives of the European Union . The Community Executive believes it is […]

EU unveils plan to cut Russian gas imports by two-thirds this year

EU unveils plan to cut Russian gas imports by two-thirds this year EU unveils plan to cut Russian gas imports by two-thirds this year

The European Union (EU) announced its intention to cut its gas imports from Russia by two-thirds this year, ahead of a bloc summit to discuss ways to end dependence on Russian hydrocarbons. The European Commissioner for Energy, Kadri Simson, announced that the European Commission (EC) will present a draft legislation in April to establish an […]

EU will stop importing Russian fuels “well before 2030”

EU will stop importing Russian fuels “well before 2030” EU will stop importing Russian fuels “well before 2030”

The European Union (EU) intends to completely eliminate its dependence on Russian fuels “long before 2030″ to ensure that the 27-country bloc does not again face difficult decisions, with potentially dire consequences for their economies, in the face of geopolitical crises such as the Russian invasion of Ukraine. EU leaders will meet in Versailles, outside […]