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29th Mar 2024

Ticker

Ukraine: Nord Stream 2 makes Europe dependent on Russia

The head of Ukraine's gas transit operator, Sergiy Makogon, warned on Thursday that the launch of the Nord Stream 2 gas pipeline will make Europe completely dependent on Russia. "People just have a short memory - 2009 is the year when Russia's Gazprom made Europe freeze," he told Reuters. Gazprom fully owns Nord Stream 2, which could divert transit gas flows going through Ukraine to Europe once completed.

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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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