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sanctions against Russia

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Hungary blocks €90 billion loan for Ukraine over damaged pipeline

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Europe News

Fight to ban Russian steel intensifies in Brussels

The European Parliament is pushing for a full ban on Russian steel to choke off Moscow’s revenues, but several EU governments still rely on importing it. High-stakes negotiations start next week.

Europe News

Why the EU wants to end the price cap on Russian oil

The 20th package of EU sanctions against Moscow foresees a blanket ban on maritime services. If approved, it would discard the price cap on Russian oil that Western allies have applied since 2022.

Europe News

EU proposes new sanctions to weaken Russia's oil and gas revenues

The 20th package of EU sanctions against Russia targets oil, gas, the "shadow fleet", banking, cryptocurrency and metals.

Hungary

Ukraine's collapse would be a disaster for Hungary, says Orbán

The Hungarian Prime Minister said Hungary must help to prevent the collapse of Ukraine or order to "value its own piece of land."

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Hungary

Hungary Orbán slams Brussels over Russian assets freeze

The Hungarian prime minister strongly condemned a move by the EU to indefinitely immobilise Russian Central Bank assets, widely seen as a way of circumventing a Hungarian veto.

Ukraine

Ukrainian drones reportedly hit another Russian shadow fleet vessel

Sources at Ukraine’s security service claim the Dashan tanker had received "critical damage" after it got hit by sea drones in Black Sea off Crimea’s coast.

Turkey

Turkish shipping company halts Russia operations after tanker attack

Following an attack on its vessel Mersin, Istanbul-based Besiktas Shipping has stopped all operations with Russia, citing unacceptable security risks.

Serbia

US denies operating license to Serbia's Russian-owned oil refinery

Serbia must halt operations at its NIS oil refinery after Washington denied its license, risking the nation's fuel supply, according to President Vučić.

Markets

Could the EU’s frozen-assets plan destabilise European bond markets?

EU plans to use frozen Russian assets to help Ukraine have prompted warnings that the move could push up government borrowing costs. But experts told Euronews Business that any impact on European debt markets is likely to be limited.

The Cube

Does the EU import more from Russia than it gives Ukraine in aid?

Sweden's foreign minister claimed last week that Europe has imported more from Russia during the war than it has spent supporting Ukraine. A review of the numbers suggests she is right.

Economy

Trump is open to sanctioning countries doing business with Russia

US lawmakers are drafting a bill that would sanction countries purchasing Russian oil and gas, aiming to choke off Moscow’s primary revenue stream as peace negotiations remain stalled.

Business

Russia clears Citigroup exit as Moscow keeps pressure on foreign firms

A presidential order allowing Citigroup to sell its Russian unit to Renaissance Capital underscores Moscow’s control over foreign asset sales as Western lenders continue their slow retreat.

Europe News

EU tightens multiple-entry Schengen visa rules for Russian citizens

The European Commission claims Moscow's war of agression against neighbouring Ukraine has altered the risks linked to Russian visa applicants.

Economy

Orbán to press Trump for break on Russia oil sanctions

The Hungarian Prime Minister says dropping Russian oil would result in economic collapse, as Hungary imports more than four-fifths of its crude oil from Russia.

Economy

How long can the Russian economy continue to fund the frontline?

The Russian economy is balancing on the edge of recession, yet the war could go on for years. Its financing appears to have no immediate major obstacles, according to experts.

Markets

Oil prices surge as US sanctions suffocate Russian oil flows

Fresh US measures against Russian energy giants are tightening the seaborne supply of oil, pushing Brent higher as traders price in risk.