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29th Mar 2024

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Sefcovic hopes for autumn Ukraine-Russia gas deal

EU energy commissioner Sefcovic said Tuesday he hopes a Ukraine-Russia deal on gas can be concluded this autumn. After trilateral negotiations broke down two weeks ago, the EU will first hold bilateral talks. The EU is also "working very closely with international financial institutions" to help Ukraine purchase gas.

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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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