Friday

29th Mar 2024

Ticker

'Makes no sense' to engage with Russia, EU tells Hungary

It is the responsibility of EU member state to proceed with bilateral meetings but the EU's position is that "it makes no sense to engage with Russia at a time when they are so openly disregarding and dismissing every single civilised norm of the rules-based world", EU Commission spokesperson Peter Stano said on Tuesday of Hungarian foreign minister Péter Szijjártó's visit to Moscow later this week for Russian Energy Week.

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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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