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 […]
Tag: European Union
Ukraine helps Europe to break some taboos
By Lionel Laurent The yellow and blue of the Ukrainian flag, which was banned during the Soviet era, has become a powerful global symbol after the Russian invasion. It has flown in iconic locations from New York to Sarajevo, has been shared on social media and waved during anti-war protests around the world. It has […]
The European Union seeks to block 7 Russian banks from SWIFT, including VTB
After the unanimous approval of the European Union to withdraw Russia from the SWIFT payment system due to the invasion of Ukraine, the block of 27 is now discussing the exclusion of seven russian banksincluded VTB Bank PJSC, the second largest financial institution in Russia, and Bank Rossiyaaccording to a draft to which the Bloomberg […]
What impact does the closure of airspaces have on aircraft traffic?
The reciprocal closure of their airspaces by the European Union (EU) and Russia has only a limited impact on Russian transport in the sector, as European airlines will be forced to make long and expensive detours to reach Asia. Measures in force States are sovereign to prohibit overflight of their territories. The 27 members of […]
Switzerland breaks neutrality and comprehensively adopts EU sanctions against Russia
Switzerland is going to fully retake the economic sanctions adopted by the European Union (EU) against Russia for the invasion of Ukraine, reported the president of the Helvetic Confederation, Ignazio Cassis, breaking the neutrality that characterized this country in previous wars. These measures include sanctions against Russian President Vladimir Putin, involving the freezing of funds, […]
EU and its allies are ready to adopt more sanctions against Russia in the coming days, advances France
Updated on 02/28/2022 06:22 pm The Europeans and their allies are ready to impose more sanctions against Russia, the French presidency said, following a video conference between the French, American, British, German, Italian, Japanese, Polish, Romanian leaders and representatives of the European Union (EU) and of the North Atlantic Treaty Organization (NATO). “Other sanctions will […]
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 finalizes sanctions against the circle of oligarchs closest to the Kremlin
The European Union (EU) is in the final stages of preparing, together with other international partners, a new series of sanctions against Russia for its invasion of Ukraine, which will target a series of oligarchs who have financially supported the Russian regime and they are close to their president, Vladimir Putin, who was already punished […]
Russian invasion of Ukraine becomes “increasingly brutal”, says EU diplomat chief
Updated on 02/28/2022 12:10 pm The military invasion launched on Thursday by Russia in Ukraine is becoming increasingly “more brutal”, warned the head of diplomacy of the European Union (EU), Josep Borrell, who denounced the high number of civilian victims. “The Russian military campaign becomes more brutal every day and the Ukrainian forces respond with […]
South Korea would join the blockade of Russian exports and access to SWIFT
South Korea announced this last February 28 that it has prohibited the export of strategic materials from Russia and analyzes joining the Russian international blockade of the SWIFT system due to the invasion of Ukraine. According to Foreign Ministry sources told the Yonhap agency, the South Korean nation plans to leave Russian banks out of […]