Thursday

28th Mar 2024

Ticker

President: Lithuania 'prepared for unfriendly actions'

Lithuanian president Gitanas Nauseda told Reuters on Wednesday that his country is ready to cope with repercussions from the ban on the transit of some Russian goods to the Kaliningrad exclave — including Russia cutting out a regional common power grid. Lithuania blocked the transport route last week, arguing that it is complying with EU sanctions. "We are prepared for unfriendly actions from Russia," said Nauseda.

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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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