Friday

29th Mar 2024

Ticker

Germany would back Russia oil embargo without Hungary

German economy minister Robert Habeck has warned Hungary against blocking efforts to impose an EU-wide embargo on Russian oil imports in response to the war in Ukraine, Reuters reported. But the minister also added Germany would support the EU going ahead with the embargo without Hungary. "If the Commission president says we're doing this as 26 without Hungary, then that is a path that I would always support," Habeck 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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