Thursday

28th Mar 2024

Ticker

EU declines new Russia sanctions over Ukraine

No new Russia sanctions were being prepared, despite its largest-ever deployment of 150,000 troops on Ukraine's borders and the risk a small "spark" could ignite a wider conflict, EU foreign affairs chief Josep Borrell said Monday. Some foreign ministers in Monday's meeting called for the EU to publicly threaten new economic measures as a prophylactic against escalation, diplomats said. "This is up to EU leaders to decide," one diplomat noted.

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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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