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29th Mar 2024

Ticker

Latvia prepares new Russia sanctions

A Latvian parliament committee has endorsed a bill to blacklist 49 Russians on human rights grounds under a law named after late Russian anti-corruption activist Sergei Magnitsky. If MPs pass it, Latvia will join Estonia, Lithuania, the UK, US, and Canada which already have Magnitsky Acts. "Targeted sanctions against top individuals are much better than this old technology of sanctioning a country," Magnitsky's former employer, Bill Browder, said in Davos.

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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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