Friday

29th Mar 2024

Ticker

EU summons Russia ambassador for first time ever

The EU foreign service summoned Russia's ambassador to the bloc, Vladimir Chizhov, to voice its formal complaint on Monday, after Russia blacklisted the EU Parliament president and an EU commissioner on Friday. The move is the first time Chizhov, who has held his post in Brussels for 15 years, was reprimanded in this way. There were "no legal grounds" for Russia's sanctions, which were "purely political", an EU spokesman 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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