The three main European Union countries that have been holding out for a lower, more aggressive price cap by the EU and G7 allies on imports of Russian oil via

The European Commission proposed yesterday a price cap on pipeline natural gas imports that would be set at the 275 euros/MWh level for the month-ahead contract, and a complex mechanism

On Wednesday, October 12, European Union energy ministers agreed that the European Commission should present on October 18 a proposal for joint natural gas purchases by the whole EU, just

European Union leaders managed to agree last Friday that they would like natural gas and energy prices more generally to be lower, but that is where consensus ended. How to reach that

European Union governments and the European Central Bank are struggling to reconcile two objectives that are contradictory and whose policy responses are pulling the economy in opposite directions: how to

On Tuesday, after three months of postponements, China’s Vice Premier Liu He and European Commission Executive VP for Economy and Trade Valdis Dombrovskis held a video link for what was

European Central Bank President Christine Lagarde has gone out of her way to translate the ECB’s rather oblique message of “gradualism, optionality, and flexibility” into plain language and explicit interest

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