Friday

29th Mar 2024

Ticker

Report: US moves ahead on Nord Stream 2 sanctions

The US is preparing to impose sanctions on EU firms that co-finance Russia's Nord Stream 2 pipeline to Germany and companies involved in laying the pipes in the Baltic Sea, US daily The Wall Street Journal reports, citing US unnamed sources. The sanctions risk heightening tensions amid an ongoing dispute on US tariffs on German cars. The US says the pipeline poses a strategic risk of Russian energy dependence.

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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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