Friday

29th Mar 2024

Ticker

Russia belittles latest EU and US sanctions

EU and US visa-bans and asset-freezes imposed Tuesday on Russian officials over the mistreatment of opposition figure Alexei Navalny had no meaning because they did not go abroad or hold assets there due to their sensitive positions, Kremlin spokesman Dmitry Peskov said Wednesday. "This is practically a duplication of the restrictions these people face under Russian law," he said. Russia would retaliate, "but not necessarily symmetrically", its foreign ministry 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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