The announcement comes just months after the U.S. launched its own Inflation Reduction Act. The European Commission, the executive arm of the EU, has previously said there are “serious concerns” about the design of the financial incentives in the package. While discussions
The EU’s executive arm on Wednesday proposed a ninth package of sanctions on Russia, adding nearly 200 new individuals and entities to the sanctions list. Follow our live blog for the latest on the war in Ukraine. All times are Paris time
European Commission President Ursula von der Leyen attends the European Union leaders’ summit in Brussels, Belgium October 20, 2022. REUTERS/Piroschka van de Wouw BRUSSELS, Oct 21 (Reuters) – European Union leaders will discuss cutting their economic dependency on China, aiding
London (CNN Business)The United Kingdom on Thursday confirmed plans to subsidize energy bills for households and businesses, joining other European governments in a costly race to protect their economies from freezing up this winter as Russia cuts off supplies of gas. The UK
Ukraine’s Volodymyr Zelensky discussed the urgent allocation of the next round of aid to Ukraine and pressed for new sanctions on Russia in a phone call with EU Commission chief Ursula von der Leyen on Sunday. This comes as Russian shelling hit the
The European Union is “ready to react” to Russia’s latest decision to halt gas supplies to the bloc, a top EU official has told CNBC. Russia’s state-owned energy giant Gazprom announced on Friday that it would halt gas supplies to
European Union foreign ministers agreed on Wednesday to fully suspend a visa facilitation agreement with Russia, making it harder for Russian citizens to enter the EU but falling short of an outright visa ban. The move comes as a team of IAEA nuclear
EU-mediated “crisis management” talks Thursday between Serbia and Kosovo failed to quell rising tensions between the Balkan neighbours, but further dialogue will take place, the bloc’s diplomatic chief said. “Unhappily, we did not get to an agreement today… But it