Friday

29th Mar 2024

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US blacklists Russian banks, oil champion

The US Wednesday blacklisted Gazprombank, the financial wing of Russia's gas champion Gazprom, and Rosneft, its oil champion, as well as Igor Shchegolev, an aide to Russian leader Vladimir Putin, plus 13 other entities and four individuals. The move comes amid EU plans to also moderately expand Russia sanctions.

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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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