Friday

29th Mar 2024

Ticker

EU extends Russia sanctions

The EU has formally extended the duration of economic sanctions on Russia by six months until 31 July 2017, citing Russia's non-compliance with the so-called Minsk ceasefire accord in Ukraine. The move comes after a weekend in which Russia-controlled forces killed six Ukrainian soldiers in east Ukraine. Russian PM Dmitry Medvedev said Russia would maintain retaliatory measures against EU food imports, adding that "sooner or later this will end", however.

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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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