Thursday

28th Mar 2024

Ticker

EU investigates Russia's 'weaponisation of gas flows'

EU and German certification of Russia's Nord Stream 2 gas pipeline was suspended and the EU Commission was looking into Russian firm Gazprom's alleged manipulation of gas shipments to Europe, vice-president Valdis Dombrovskis said Monday. "There's certain action from the Russian side that triggered the European Commission's investigation whether Gazprom is in this situation acting in line with market principles ... weaponisation of gas flows is not new," Dombrovskis 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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