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Markets

The West has big plans for nuclear power: Will geopolitics play ball?

As artificial intelligence ramps up energy needs, experts say we’ve reached a ‘nuclear revival’. Pledges are in place — but can supply chains support them?

Europe News

EU rebuffs Russia's demand for sanctions relief amid ceasefire talks

The "unconditional withdrawal" of Russian forces from the territory of Ukraine is a key precondition to amend or lift sanctions, the European Commission has said in reply to the Kremlin's demand.

Business

UK elite law firm fined over €500,000 for Russian sanctions breaches

The firm voluntarily reported the breaches to the OFSI, although the UK's Treasury body said it must remain "steadfast" in its commitment to sanctions.

Europe News

Hungary drops veto and agrees to prolong EU sanctions on Russia

The clock for renewal was ticking fast as sanctions on Russian individuals and companies were set to expire by midnight on Saturday.

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Europe News

Swiss-Russian claims EU Council ignored Court's sanctions annulment

Alexander Pumpyanskiy is a son of Russian businessman Dmitry Pumpyanskiy, who until 2022 was the head of Russia's largest pipe manufacturer TMK. He was present at Vladimir Putin's first meeting with businessmen after the start of the full-scale invasion.

Europe News

Race against time to make Hungary renew EU sanctions before deadline

Hungary's resistance has put the EU in a situation of maximum suspense less than 72 hours before the individual sanctions are set to expire.

USA

Rise in US aircraft parts smuggling into Russia, bypassing sanctions

Three people were charged in Ohio last month with illegally exporting aircraft components from the US to Russia.

EuroVerify

Has Europe spent more on Russian oil and gas than aid to Ukraine?

The US president says Europe’s energy bill to Russia exceeds its spending on Ukraine. Euroverify investigates.

Europe News

Tusk calls for EU to confiscate Russian assets to finance Ukraine

Under the sanctions, the EU has frozen €210 billion in assets of the Russian Central Bank, most of which are held in Belgium.

Europe News

EU agrees new sanctions on Russia amid Trump's push for negotiations

The agreement among ambassadors comes days before Russia’s invasion of Ukraine marks its third anniversary.

Ukraine

Talks to end war in Ukraine start now, Trump says after Putin call

US President Donald Trump announced that he and Vladimir Putin agreed to negotiate ending Russia's war in Ukraine, following a surprise prisoner swap.

World News

Europe must be involved in Ukraine peace talks, say foreign ministers

European foreign ministers met in Paris on Wednesday, saying a peace deal in Ukraine would require the involvement of Kyiv and its European allies. The meeting came as US President Donald Trump said he had agreed to immediate peace talks with Russian President Vladimir Putin.

World News

Electricity prices skyrocket in Estonia

Soaring electricity prices in Estonia are mainly linked due to the weather and markets, according to experts.

World News

Baltic nations end electricity ties to Russia, tightening EU bond

After the disconnection plans were announced, propaganda campaigns cropped up on social media and in printed leaflets in city streets that issued fake-news warnings about blackouts, severe energy shortages and sky-high energy bills for consumers.

Europe News

EU bid to take on US, China competitiveness starts today

The European Commission will publish its Competitiveness Compass today in an attempt to secure the future EU economy.

Europe News

NATO chief calls for more defence spending as he visits Portugal

NATO Secretary General Mark Rutte called on alliance members to step up their defence spending beyond their common goal of 2% of their GDP,

Ukraine

Russia claims to have occupied Velyka Novosilka in Ukraine's Donbas

As the EU agrees to extend sanctions on Russia by another six months, the Russian Defence Ministry has said its forces have occupied the east Ukrainian town of Velyka Novosilka in the Donetsk region, a key defensive hub for the Ukrainian army.

Europe News

Hungary drops veto threat and allows renewal of EU sanctions on Russia

The EU will be able to renew its sectoral sanctions against Russia after Hungary abandoned its veto threat, which it had linked to energy concerns.

Europe News

'Playing with fire': Orbán's veto threat puts Brussels on edge

With a key deadline set to expire next week, Viktor Orbán and his deputies have raised the spectre of vetoing EU sanctions against Russia, a move which would upend the bloc's foreign policy.

Europe News

Hungary ratchets up anti-sanctions rhetoric as renewal deadline looms

The extension of EU sanctions shouldn't be automatic, the Hungarian government has said, in remarks that threaten to unravel the bloc's collective reaction to Russia's war on Ukraine