After weeks of bitter wrangling with Hungary’s Prime Minister Viktor Orban, European Union leaders, as we had been expecting, reached an agreement at their summit on Monday night to ban
The European Union is inching closer to a ban on purchases of Russian oil as part of a new package of sanctions on Russia for its invasion of Ukraine, and
The European Commission proposed a series of sanctions today that included a ban on all European Union purchases of Russian oil, be it crude or refined, via pipeline or tanker. But,
In a series of reports in March, we warned that the demand on March 23 by Russia’s President Vladimir Putin that going forward “unfriendly nations” pay for Russian natural gas
The European Commission proposed a fifth package of sanctions today against Russia over its invasion of Ukraine. Originally meant to be more of a maintenance and loophole closing package when
Germany’s Chancellor Olaf Scholz spoke yesterday on the phone with Russia’s Vladimir Putin about Moscow’s demand that gas bills be settled in rubles from here on by “unfriendly” countries, like
According to China’s state media, President Xi Jinping told Britain’s Prime Minister Boris Johnson in a phone call today that the international community should “truly” promote peace talks, where China
Russia’s President Vladimir Putin announced today that he will demand payment for Russia’s natural gas from countries it defines as hostile be made in Rubles starting in a week, after
At the European Union Summit in Versailles on March 10 and 11, Paris pushed hard for a joint borrowing plan to deal with the “exogenous shock” to the EU of
In an historic decision, European Union leaders will declare on Friday in Versailles, outside Paris, that they will phase out purchases of Russian gas, oil, and coal, because Moscow’s invasion
The southern Ukrainian port city of Kherson has fallen to Russian Federation troops, with Mariupol and Kharkiv under siege, and with historic Odessa, where Russia’ President Vladimir Putin has explicitly
The European Commission announced today that due to the expected negative impact of the war in Ukraine on European growth, they will re-think whether EU fiscal rules that impose limits
The European Union has formally adopted the latest package of sanctions against Russia (and Belarus, more on Belarus below), under which seven Russian banks will be disconnected from the SWIFT
European Union leaders will meet tomorrow, Thursday afternoon, for an emergency summit in Brussels to discuss the latest developments in the Russian aggression against Ukraine. If – we believe when
With the full-scale invasion of Ukraine by Russia now under way, European Union leaders will be asked by the European Commission to agree tonight on a new package of sanctions
European Union leaders agreed today, Thursday, to issue a strong joint warning to Russia to not invade Ukraine, or face “crippling new economic sanctions,” while calling on Moscow to come
The European Commission unveiled a plan on Wednesday that will allow the European Union to retaliate, as a bloc, in cases where a third country tries to “weaponize” trade to
Yesterday, the German network regulator, the Bundesnetzagentur, suspended the process of approving the Russian Nord Stream 2 gas pipeline, delaying the day when gas starts flowing through that pipeline by
The United States and European Union announced yesterday a pause in a trade dispute over steel and aluminum triggered in 2018 when the administration of then President Donald Trump, citing
The European Commission launched a long-anticipated debate today on how to change the European Union’s budget rules so that they better match the new post-pandemic economic realities and address the
