The European Union is finalizing a fourth package of sanctions against Russia to prevent Moscow from circumventing the retaliation already approved with loopholes and will present a set of measures on Tuesday to reduce its dependence on gas and oil, the European Commission said on Monday. “Given the evolution of the situation in Ukraine, the […]
Tag: European Union
The train to Helsinki, a way out for Russians to Europe
“I don’t intend to return to Russia anytime soon,” says Elena, who lives in Finland. The trains connecting St. Petersburg with Helsinki, the only line still open between Russia and the European Union (EU), are packed with Russians eager to get out of the country while they can. At the station in the Finnish capital, […]
War in Ukraine: who are Russia’s oligarchs facing global sanctions?
The United States and the European Union opted for the economic alternative rather than the military one to punish Russia for the war in Ukraine. Thus, those who were targeted by the sanctions have been the oligarchs who make up the inner circle of the president Vladimir Putin. According to international reports, some of these […]
EU prepares extraordinary measures against gas retaliation
The European Union is bracing for potentially serious economic consequences if Russia cuts off natural gas supplies in retaliation for sanctions. The 27-nation EU is braced for several possibilities involving disrupted gas deliveries from its biggest supplier following Russia’s invasion of Ukraine, the bloc’s energy commissioner Kadri Simson told Bloomberg News on Thursday. One scenario […]
EU will study “different options” to give Ukraine a European perspective
The European Union (EU) will study “different options” to specify the European perspective that is going to be given to Ukraine, but with the awareness that an eventual accession “it will take years” and that the urgency is to help him face the Russian invasion. This is the message underlined this Friday by the French […]
The EU suspends cooperation with Russia in research and other programs
The European Commission (EC) has suspended cooperation with Russia in the field of research and innovation, as well as in different cross-border programs, in response to the invasion of Ukraine, announced the Community Executive. On the one hand, Brussels has left cooperation with Russian entities in research, science and innovation up in the air and […]
EU wheat export demand rises as supplies from Ukraine and Russia curb
Updated on 03/04/2022 12:17 pm Wheat export demand from the European Union (EU) increased this week and the situation is expected to continue as fighting disrupts shipments from Ukraine and Russia, traders said. “This week there were big EU export sales from Romania, Bulgaria, France, Germany, Poland and other EU countries”, said a trader. “A […]
EU studies curbing Russia’s rights in the IMF after invasion
Officials of the European Union (EU) are examining the possibility of curbing Russia’s influence and its access to financing in the International Monetary Fund (IMF) after its invasion of Ukraine, six officials have told Reuters. This scenario now being discussed would increase pressure on Russia’s economy and financial system and would also mark an important […]
EU may cut its Russian gas purchases by more than a third in a year
Updated on 03/03/2022 11:04 am The European Union (EU) could reduce its imports of Russian natural gas by more than a third in a year if it implements a series of recommendations formulated this Thursday by the International Energy Agency (IEA). The catalog of ten measures proposed by the IEA ranges from not signing new […]
EU studies measures in cryptocurrencies and before the rise in light due to the war
The European Union (EU) is studying adopting measures to prevent cryptocurrencies from being used to avoid the economic sanctions imposed on Russia for the invasion of Ukraine, as well as to mitigate the impact of the increase in energy prices for community companies. “We have decided to work on additional measures to further strengthen the […]