The European Union’s forthcoming sanctions on Russia will target banks, in particular, Sberbank, as well as oil, the head of the European Commission Ursula von der Leyen, told a German newspaper. Bild am Sonntag, in an interview published on Sunday, asked her to name the key points of a planned sixth round of sanctions. “We…
New EU Sanctions on Russia to Target Sberbank, Commission Head Tells Paper
April 18, 2022
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EU Meets OPEC Amid Calls for Oil Output Increase
April 11, 2022
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BRUSSELS—European Union officials will hold talks in Vienna with OPEC representatives on Monday amid calls for the producer group to increase output and as the EU considers potential sanctions on Russian oil. OPEC has resisted calls by the United States and the International Energy Agency to pump more crude to cool prices which reached a…
Hungary Says Rubles-for-Russian Gas Plan Breaches No EU Sanctions
April 11, 2022
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BUDAPEST—Hungary plans to pay for Russian gas in euros through Gazprombank, which will convert the payment into rubles to meet a new requirement set by President Vladimir Putin, Foreign Minister Peter Szijjarto said on Monday. Putin has warned Europe it risks having gas supplies cut unless it pays in rubles as he seeks retaliation over…
EU Official Calls Summit With China a ‘Dialogue of the Deaf’
April 7, 2022
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Chinese leaders “did not want to talk about Ukraine” during Friday’s high-profile summit between the European Union and Beijing, the EU’s foreign policy chief said, describing the session as a “deaf dialogue.” “China wanted to set aside our difference on Ukraine,” Josep Borrell told a plenary session of the European Parliament on Tuesday evening. “They…
Breaking Ranks With EU, Hungary Says Ready to Pay for Russian Gas in Roubles
April 6, 2022
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BUDAPEST/LONDON—Hungary said on Wednesday it was prepared to pay roubles for Russian gas, breaking ranks with the European Union which has sought a united front in opposing Moscow’s demand for payment in the currency. Hungary will pay for shipments in roubles if Russia asks it to, Prime Minister Viktor Orban told a news conference on…
EU Countries Hunt for Global Coal Stocks as Russian Ban Looms
April 6, 2022
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LONDON—European buyers are increasing shipments of coal from across the globe against a backdrop of a proposed European Union ban on Russian imports and the scramble to relieve tight gas supplies, according to data and shipping sources. The European Commission on Tuesday proposed new sanctions against Moscow over its invasion of Ukraine, including a ban…
EU Calls on China to End Russian War on Ukraine
April 1, 2022
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Leadership from the European Union (EU) and China met for a virtual summit April 1, amid increasing tensions over the Chinese Communist Party’s (CCP) tacit support of Russia’s invasion of Ukraine. “We called on China to end the war in Ukraine,” said EU President Charles Michel during a press briefing after the meeting. “China cannot turn…
‘We Can’t Win That Fight Just by Pretending We Don’t Have to Compete’: Dr. Robert Atkinson on US-China Relationship
March 29, 2022
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The Senate just approved a $52 billion bill for semiconductor chip manufacturing in the United States—part of its version of the United States Innovation and Competition Act. Is this a step toward the United States taking a “whole-of-government” approach when it comes to competition with China? Or are the stakes even high enough to warrant a…
EU Seeks End to ‘Golden Passport’ Schemes, Urges Revoking Visas to Russians
The European Commission has called for EU members to cease the practice of selling citizenship to investors and to suspend the sale of immigration visas to citizens of Russia and Belarus. On Monday, the European Commission issued a recommendation to member states of the European Union, urging these nations to limit access to such so-called…
EU Regulators Draft New Rules to Rein in Big Tech
Officials of the European Union reached an agreement on Friday for the wording of the Digital Markets Act, a new proposal that would crack down on Big Tech and limit the powers of these companies in the region. France, which holds the rotating presidency of the European Commission, announced via a tweet on Friday that…
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