Western attempts to bring Russia to its knees economically suffered a setback this week. The OPEC Plus oil cartel, driven by Saudi Arabia and Russia, agreed to a production cut … Read More
As part of its ever-expanding list of sanctions, the European Union has banned key Russian banks from SWIFT, the high-security system that enables financial transactions all around the world. Based … Read More
The European Union has imposed more sanctions on Russia over its invasion of Ukraine after the bloc’s member states backed a series of measures that would include gold imports and … Read More
The EU is pushing back against accusations that its sweeping ban on Russian oil is hiking global prices and injecting further disruption into an already unpredictable energy market. “That’s completely … Read More
EU foreign affairs ministers have agreed to give another €500 million to Ukraine, providing Kyiv with more firepower to stop the Russian offensive. Meanwhile, the bloc’s foreign policy chief Josep … Read More
The European Commission on Friday proposed that imports of Russian gold be included in a new package of sanctions aimed at crippling the Russian economy. The EU executive would not … Read More
Russia’s most westerly — and most Western — territory is in the spotlight this week, facing new sanctions as the Kremlin’s war in Ukraine continues. Kaliningrad is an exclave: part … Read More
Weeks after the proposal was announced, European Union leaders decided to ban all seaborne oil coming from Russia by the end of the year. The measure will target both crude … Read More
Russian billionaire Roman Abramovich has filed a lawsuit against the European Union Council. The former owner of Chelsea FC submitted the legal case to the EU’s general court on Tuesday. … Read More
Doubt is beginning to fall on the European Union’s ability to act as a unified bloc as member states still haven’t agreed on a Russian oil embargo. The proposal to … Read More
