Updated on 03/17/2022 02:22 pm The head of the South American division in the European External Action Service of the European Union (EU), Veronique Lorenzo, stated that something “interesting and attractive” of the new president of Chile, Gabriel Boric, is that, being a president of the left, “has not aligned itself with populism” and it […]
Tag: European Union
EU blocks export of luxury goods to Russia
The European Union (EU) formalized on Tuesday a new package of heavy sanctions against Russia, for the war in Ukraine, which focuses on blocking exports of luxury goods and includes influential tycoons from that country among those sanctioned. The EU Banned exports of champagne, high-end automobiles, fashion clothing, electronics, and sports equipment to Russiaamong others. […]
Semiconductor giant Intel announces massive investment plan in Europe for US$ 87,604.8 million
The American semiconductor giant Intel revealed a historic investment plan of up to 80,000 million euros (US $ 87,604.8 million) in the European Union (EU) in ten years to produce microchips, and the implementation in Germany of a manufacturing “megasite” . The detail of these announcements was highly anticipated within the EU, which seeks to […]
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
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
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
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
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 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
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 […]