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Ukraine

Five things you need to know about Ukraine war from Wednesday

From the "independence" referendum in Kherson to Ukrainian troops battling encirclement in the Donbas and the detention of a Russian lawyer, here is what you need to know about the war.

Money

Russia approves crypto tax break to soften Western sanctions blow

Lawmakers in the Russian Duma have softened their stance on cryptocurrency and issuers of digital assets as sanctions by the West begin to bite.

Russia

Fears of Russian debt default for first time since 1917 revolution

Moscow has reportedly missed a Sunday night deadline to pay interest payments, further alienating the country from the global financial system.

Germany

G7 leaders to announce ban on Russian gold imports

Gold has been the top Russian export after energy in recent years, reaching almost €18 billion in 2020.

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My Europe Series

Inside Kaliningrad, Russia's exclave at the centre of EU sanctions row

The exclave used to be part of Germany called Köningsburg but was ceded to the Soviets after World War II.

Russia

Anger as Lithuania bans transit of goods to Russia exclave Kaliningrad

“This decision, indeed unprecedented, is a violation of everything and then some," said Kremlin spokesman Dmitry Peskov.

Europe News

'It's a big deal': Experts and MEPs weigh in on EU's Russian oil ban

The phase-out of seaborne crude is considered the most radical measure taken by the EU since the Ukraine war broke out.

Europe News

Roman Abramovich files lawsuit against EU Council

The billionaire, who was sanctioned by the European Union in March, filed a lawsuit against the EU Council on Tuesday.

Serbia

Serbian president says country's EU membership path top priority

Aleksandar Vučić was sworn in for his second term as Serbia’s president on Tuesday, reinforcing the country's commitment to joining the bloc and hinting at sanctions against Moscow.

Ukraine

Ukrainian authorities: Most of Sievierodonetsk under Russian control

Governor of the Luhansk region Sergei Haidai said that all critical infrastructure in the key city in eastern Ukraine has been completely destroyed while evacuation of civilians is impossible due to fierce fighting.

Norway

Norway's energy sales growth spurs accusations of profiting from war

As Europe frantically searches for alternative energy suppliers, Norway's natural gas and oil are in high demand. But are remarks that it is profiting from the war in Ukraine fair?

Money

Russia is considering allowing crypto for international payments

As Western sanctions begin to bite, Russia is considering allowing crypto for international payments.

Europe News

EU leaders are struggling to pass sanctions on Russian oil. Why?

Fresh EU sanctions on Russian crude and refined oil have been on the table for weeks without progress.

Russia

Hungary could hold up new EU sanctions against Russia

EU leaders will meet in Brussels next week for a special summit to discuss the bloc's long-awaited sixth round of sanctions against Russia.

Earth News

Why is Hungary standing in the way of an EU embargo on Russian oil?

Actions at embassies across Europe call out Prime Minister Orbán as the biggest obstacle to weaning the bloc off of Russian fossil fuels.

Money

Russia bets on digital ruble to fend off Western sanctions

Moscow said it should be able to make international payments with the digital ruble by next year.

Germany

Ex-chancellor Gerhard Schröder quits Russian energy giant Rosneft

Schröder has been under pressure for weeks over his ties to Russia's energy industry amid the war in Ukraine.

Europe News

MEPs demand sanctions on Schröder over his ties with Russian firms

Gerhard Schröder still holds positions at Rosneft, Russia's leading oil company, and Nord Stream AG.

Europe News

Talks on an EU-wide Russian oil ban could drag on until end of May

Hungary, Slovakia, Bulgaria and the Czech Republic are against the timeline of banning Russian oil imports by the end of the year.

Europe Decoded

A week on, the EU appears no closer to a Russian oil embargo

Unlike other rounds of sanctions against Moscow approved swiftly by member states, these talks have been slow and optimism is diminishing.