Thursday

28th Mar 2024

Ticker

EU upholds sanctions on Russian missile-maker

The EU's top court rejected a bid by Russian arms maker Almaz-Antey to lift sanctions imposed in connection with the conflict in eastern Ukraine. Almaz-Antey, the makers of Buk missiles, one of which brought down Malaysian Airlines' flight MH17 over eastern Ukraine in 2014, was targeted by EU sanctions for undermining the territorial integrity of Ukraine. The court said the EU had not acted disproportionately in freezing its funds.

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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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