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29th Mar 2024

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Putin's aggression prompted 'remarkable' UN vote on Ukraine

Backing by 143 UN members Wednesday for an EU-drafted resolution condemning Russian annexation of eastern Ukrainian regions was "remarkable", International Crisis Group expert Richard Gowan told EUobserver from New York. "Diplomats had been predicting 125 to 130 positive votes", he said. The annexation "forced" those sitting on the fence "to make a stand". Russian missile strikes on civilian targets in the run-up to the vote also "influenced some states".

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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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