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29th Mar 2024

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Kaliningrad says EU freight quotas too small

A dispute between Lithuania and Russia over freight-rail transit to the Russian exclave of Kaliningrad risks flaring up again, after the Kaliningrad governor said EU-agreed quotas of some 500,000 tonnes/year of goods allowed to be moved despite Russia sanctions had already been reached. "We've already exhausted the limits set by Europeans for the transportation of goods by rail: for instance, certain kinds of iron, steel," Anton Alikhanov said, Reuters reports.

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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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