Russia’s invasion of Ukraine has led to the biggest conflict in decades between Moscow and the West. Both sides are competing to persuade some of the world’s most powerful nations, namely China and India, to take a stand on the conflict. Both Russia and the United Kingdom sent their foreign ministers to India on Thursday, […]
Tag: Europe
The first high-level EU-US dialogue on Russia has taken place
The European Union and the United States held the first high-level EU-US dialogue on Russia in Washington today. Undersecretary of State for Political Affairs Victoria Nuland represented the United States, and Enrique Mora, Deputy Secretary-General for Political Affairs of the European External Action Service, represented the European Union. Enrique Mora and Victoria Nuland welcomed the […]
Nord Stream 2 cost $ 11 billion to build – it is now unused and abandoned
One of the first “victims” of the Russian invasion of Ukraine – and the ongoing geopolitical and economic implications – was the Nord Stream 2 gas pipeline, a massive energy project that took several years to build and cost $ 11 billion. the CNBC. Even before the Russian invasion, the omen was not good for […]
Doubts about progress in Ukraine have brought down Europe
Losses in European markets returned on Wednesday as a diplomatic solution to Ukraine was ruled out, just a day after signs of progress in the Moscow-Kiev talks. Yesterday, talks between the two sides in Istanbul created a climate of optimism that Russia and Ukraine could reach a peace agreement, with Moscow even pledging to drastically […]
Europe is heading towards a war economy – Natixis
Covid-19 and the war in Ukraine require Europe to carry out various policies. Several changes will be needed for Europe to make a considerable public and private investment effortaccording to Natixis economists. Europe seems destined to become a “war economy” for a long time “Given the huge need for public spending and public and private […]
Matvienko (Speaker of the Russian Parliament): We are ready if Europe stops buying Russian hydrocarbons
Russia is ready for the possibility of Europe stopping buying Russian energy resources, the president of the Federation Council, upper body of the Russian parliament, Valentina Matvienko, stressed on Tuesday, according to the Russian agency TASS. Matvienko added that if Europe decides to stop buying Russian hydrocarbons, Moscow could be reoriented to other markets, including […]
Germany: Putin must consider the consequences of asking for energy payments in rubles
Germany has some advice for Russian President Vladimir Putin as reported by CNBC: “Think about the consequences of asking for payments for energy in rubles.” Putin said last week that “unfriendly” countries would be called upon to pay for gas in rubles, prompting a “spike” in European gas prices. By demanding payments in the Russian […]
Ukraine: The first grain shipments were exported by rail to Europe
Traders exported the first supplies of Ukrainian corn to Europe by rail as the country’s ports remain closed due to the Russian invasion, the agricultural advisory service APK-Inform said today. Ukraine is a world major producer and exporter of cereals and almost all of its exports are usually shipped from its ports on the Black […]
Von der Layen: Proposals to decouple gas price from electricity price in May
The European Commission is expected to present proposals in May to decouple the price of gas from the price of electricity, according to Commission President Ursula von der Leyen in a press conference after the summit. The President of the Commission also referred to the EU-US agreement on the supply of liquefied natural gas aimed […]
Macron: The Commission will be empowered to make common energy purchases
LAST UPDATE: 21:35 The European Commission will be empowered to enter into common energy markets so that the European Union can control its energy supply and deal with high prices, French President Emanuel Macron was quoted as saying by Reuters. Macron also said in a press conference in Brussels that the disconnect between the price […]
