Friday

29th Mar 2024

Ticker

EU to impose sweeping sanctions on Mali

The EU is planning to impose tough sanctions on Mali, after its junta postponed elections for five years and invited Russian mercenaries to replace French soldiers fighting a jihadist insurgency there, EU foreign affairs chief Josep Borrell said Thursday. "The risk that the situation in this country deteriorates is evident," he said. "The new sanctions regime was agreed and these discussions will now continue," French defence minister Florence Parly added.

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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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