Friday

29th Mar 2024

Ticker

UK joins warning on Russia sanctions over Ukraine

The UK has added its voice to warnings from Washington and the EU that Russia will face "high-impact" sanctions if Vladimir Putin decides on another military invasion of Ukraine, the Guardian reports. British foreign secretary Liz Truss told MPs on Thursday that the response would hit Russia's abilities to carry out international financial transactions. Truss said: "The UK is working with our partners on these sanctions."

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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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