Friday

29th Mar 2024

Ticker

Gas pipe project hit by Russia-Turkey sanctions

Russia's economic development minister Alexey Ulyukaev said on Thursday, according to the Sptunik news agency, that Russia's gas pipeline to Turkey, TurkStream, is on hold as part of a package of sanctions, including a food export ban, to be imposed on Turkey over the shooting down of a Russian jet.

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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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