Friday

29th Mar 2024

Ticker

Russia cuts gas supplies to Latvia

Russian state-controlled Gazprom said on Saturday it suspended gas deliveries to Latvia — the last European country to suffer gas cuts amid tensions over the invasion of Ukraine. Latvian officials said the move would have little impact on the Baltic country since Riga had decided to ban Russian gas imports as of 2023, Reuters reported. EU energy ministers reached a deal to reduce gas use this winter by 15 percent.

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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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