Friday

29th Mar 2024

Ticker

Report: US threatens Swiss firm on Russia pipeline

The US has threatened to impose sanctions on Swiss engineering firm Allseas unless it pulls out of Russia's project to build a new gas pipeline to Germany called Nord Stream 2, German newspaper Handelsblatt reported on Monday, citing German government sources. Allseas, which has an operational base in the Netherlands, is meant to lay 90 percent of Nord Stream 2 on the Baltic Sea bed by 2020.

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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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