Russia and the EU

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EU to lift sanctions on Russian banks

EU to lift sanctions on Russian banks

The EU plans to lift some of the sanctions on Russian banks to facilitate the export of food and fertilizers, Reuters reports. It is noted that sanctions can be lifted from banks VTB, PSB, VEB, Sovcombank, Novikombank, as well as …

Germany risks recession as gas crisis deepens

Germany risks recession as gas crisis deepens

Germany faces certain recession if faltering Russian gas supplies stop completely, an industry body warned, and Italy said it would consider offering financial backing to help companies refill gas storage to avoid a deeper crisis in winter, …

European Union not to ban Russian food

European Union not to ban Russian food

Buying food from Russia is not prohibited, EU foreign policy chief Josep Borrell said on Monday as he arrived for the EU foreign ministers talks  in Luxembourg. "Our sanctions do not target food, do not target …

Europe begins to spend "winter" gas, media reports

Europe begins to spend "winter" gas, media reports

The reduction in natural gas supplies from Russia has forced Europe to use stocks created for consumption during the peak winter season, Bloomberg reports. Inventories in Europe's underground gas storage facilities have fallen for …

Turkey says EU plan to "punish Russia" failed

Turkey says EU plan to "punish Russia" failed

The plan to crush Russia's economy by imposing an oil and gas embargo has failed as Moscow gets a high income from the sale of fossil fuels, the Turkish newspaper Star gazete writes. "The West's plans to put Russia in a …

EU declares need for dialogue with Russia

EU declares need for dialogue with Russia

EU High Representative for Foreign Affairs and Security Policy Joseph Borrell said that Russia would not disappear, and therefore the EU should learn to coexist with Russia. Borrell believes that Europe needs to define a clear plan of …

Zakharova: EU building new ‘iron curtain’ around Russia

Zakharova: EU building new ‘iron curtain’ around Russia

Russia has no plans of creating an "Iron Curtain," this is something being done by the European Union, Russian Foreign Ministry spokeswoman Maria Zakharova said. "Rest assured, there will be no Iron Curtain, at least from …

EU leaders agree to partial embargo of Russian oil imports

EU leaders agree to partial embargo of Russian oil imports

EU leaders negotiated the sixth package of sanctions against Russia, which includes, in particular, partial embargo on import of Russian oil and cutting Russia’s Sberbank of the SWIFT international payment system, European Council President …

EU fails to agree on light version of oil embargo against Russia

EU fails to agree on light version of oil embargo against Russia

The Committee of the Permanent Representatives of the Governments of the Member States to the European Union, or Coreper, has failed to reach a compromise on a light version of the oil embargo against Russia, a source in the EU institutions in …

Sixth package of EU sanctions against Russia blocked

Sixth package of EU sanctions against Russia blocked

The sixth package of EU sanctions against Russia is blocked, European Commissioner for Economy Paolo Gentiloni said on Wednesday in an interview with Rai News 24 TV channel. "We adopted five packages of sanctions very quickly and …

EU reaching its limits with anti-Russia sanctions

EU reaching its limits with anti-Russia sanctions

The European Union is reaching its limits with sanctions against Russia, an EU diplomat told EURACTIV after the end of the EU foreign ministers meeting on Monday. “If there was such a mess with Russia’s oil, …

EU warns of €195bn cost to free bloc from Russian energy

EU warns of €195bn cost to free bloc from Russian energy

The EU will have to spend close to €200bn in the next five years to secure energy independence from Russia, according to draft plans that set out aggressive targets in areas such as clean energy and lowering consumption. A draft of …