Thursday

28th Mar 2024

Ticker

Ukraine and Russia gas price talks inconclusive

EU-mediated talks on Monday have failed to resolve a gas dispute between Russia and Ukraine, reports AFP. Russia set a 9 June deadline for Ukraine to pay a €3.79 billion gas bill. It recently increased its gas prices for Ukraine to $485.50 per 1,000 cubic metres, the highest in Europe.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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