Russia’s Gazprom’s gas exports to Europe could fall by about a third this year due to the crisis in Ukraine, competition with liquefied natural gas and plans to switch to payments in rubles, Reuters quoted analysts as saying. Russia accounts for about 40 percent of Europe’s gas supply, but the West has been trying to […]
Tag: Europe
US: Senior official ” optimistic ” that Europe will eventually impose embargo on Russian oil and gas
LAST UPDATE: 17:22 A senior White House adviser said on Friday that he was optimistic that Europe was determined to impose an embargo or further curtail Russia’s remaining oil and gas exports as Moscow’s war on Ukraine dragged on, Reuters reported. “I’m convinced that Europe has received the message and is determined to shut down […]
Hungary: Seeks details from EU before deciding on sanctions on energy imports from Russia
Hungary wants to see the details of the European Union’s proposal to impose sanctions on oil and gas imports from Russia before deciding whether to block them, Prime Minister Viktor Orban said today. Hungary strongly opposes a gas and oil embargo, which Budapest says will destroy the Hungarian economy. The country imports about 80% of […]
Eurostat: Exports of Covid-19 vaccines from the EU at 20.1 billion euros in 2021
In 2021, imports of COVID-19 vaccines from non-EU countries amounted to 7.8 billion euros, while exports outside the EU amounted to 20.1 billion euros, according to Eurostat data released today. In particular, imports of COVID-19 vaccines into the EU from third countries came mainly from Switzerland (65%) and the United States (29%). Exports of vaccines […]
In the ‘green’ closed the European markets with a view to corporate profits and Ukraine
The European markets closed positively on Wednesday with investors assessing the corporate results and the latest IMF forecasts, while continuing to keep their eyes on the war in Ukraine. In this climate, the pan-European Stoxx 600 closed with a profit of 0.84% ​​at 460.10 points, with the technology sector leading the profits. At the same […]
K. Mitsotakis: The decisive role of Greece as a point of entry of natural gas from the Eastern Mediterranean to Europe
The Prime Minister Kyriakos Mitsotakis met today at the Maximos Palace with a cross-party delegation of the US House of Representatives, headed by Mr. Frank Pallone, Chairman of the Energy and Trade Committee. During the meeting, the excellent level of Greek-American relations was confirmed. The latest developments in Ukraine and the clear stance taken by […]
Medvedev: Europe will face economic disaster if it causes Russia to go bankrupt
Russia’s vice-president of the Security Council, former President and former Prime Minister Dmitry Medvedev, has warned Europe that it will in fact cause huge financial problems for itself if it leads the Russian public to bankruptcy. “Russia’s insolvency could turn into insolvency in Europe,” said Medvedev, who is currently chairing the Russian National Security Council. […]
Danger of a major recession in Europe if Putin cuts off gas
German economists predict a recession in Germany in the event of a cessation of Russian gas supplies and the effects could spread across the continent, according to CNBC. In their six-month Common Economic Outlook, released Wednesday, Germany’s five largest economic institutes downgraded their GDP forecasts as the war in Ukraine slows recovery from the coronavirus […]
Euro markets: Gross closing against the backdrop of inflation and the ECB
The euro markets closed with mixed signs on Wednesday with investors assessing the latest data on inflation on both sides of the Atlantic shortly before the monetary policy decisions of the European Central Bank. In particular, the pan-European Stoxx 600 closed with gains of 0.03% at 456.78 points while the other pan-European Stoxx 50 closed […]
G. Economou: If Europe does not act immediately, a new crisis of populism is coming across the continent
“There is no doubt that if Europe does not act immediately, in fact, as it did with the pandemic, then we will not be facing only an economic crisis that we will not be able to face. We will also be facing a new crisis of populism throughout the world. “Europe, which will have indefinite […]
