Friday

29th Mar 2024

Ticker

EU sanctions on Belarus let most potash exports go on

Recent EU sanctions on Belarusian exports of potash, a fertiliser component, will affect only about 15 percent of sales, the Belarusian opposition has noted, while urging the EU to close loopholes designed to help European farmers absorb the shock. "Only full comprehensive sanctions will cause [Belarus president Aleksander] Lukashenko to change behaviour. Semi-sanctions or half-measures only will harm," Franak Viačorka, an aide to opposition-leader Svetlana Tikhanovskaya told The Guardian newspaper.

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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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