Friday

29th Mar 2024

Ticker

Austria backs EU on Russia despite wedding

Austria is firmly rooted in the EU and fully shares its stance on Russia, chancellor Sebastian Kurz said on Wednesday in a bid to reassure critics after Russian president Vladimir Putin attended the Austrian foreign minister's wedding. The EU imposed sanctions on Russia after it annexed Crimea from Ukraine in 2014. Kurz told reporters that he hopes to improve EU ties with Russia through more intensive dialogue, Reuters said.

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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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