Contents tagged with EU
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EU to intensify sanctions on Russia, targeting energy and banking sectors
In the coming months, European sanctions against Russia are set to further impact its economy, said EU High Representative for Foreign Affairs Kaja Kallas, as reported by Radio Free Europe.
"Today, at the EU Foreign Affairs Council meeting, we also have an intelligence report about the real state of the Russian economy. According to this report, they are reaching a stage where they have to rely on supply chains heavily. Therefore, the impact of the sanctions will be even stronger in the coming …
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EU plans to double artillery shell shipments to Ukraine
Europe is poised to double its shipment of large-caliber artillery shells to Ukraine this year, according to EURACTIV. The announcement came from Robert Brieger, Chairman of the EU Military Committee, following a Brussels meeting with EU defense officials. The target is to deliver two million large-caliber munitions to Ukraine in the current year, effectively doubling last year's supply. The EU is urging member states to boost production, leveraging contracts sourced from the European Defense …
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EU finalizes 17th sanctions package targeting Russia's shadow fleet and defense sector
The European Union has reached an agreement on a fresh wave of sanctions targeting Russia, according to media reports. The new package will focus on vessels within Russia's shadow fleet, firms identified for helping bypass existing restrictions, as well as individuals and companies linked to Russia's defense sector.
According to Ukrinform, which cites a source within EU diplomatic circles, the EU ambassadors have given their nod to the 17th sanctions package against Russia since the onset of …
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EU vows permanent break from Russian energy sources
Even if a peace agreement is reached between Ukraine and Russia, the European Union will not resume imports of Russian energy, EU Energy Commissioner Dan Jørgensen announced Tuesday during a meeting with European energy ministers in Warsaw.
The European Union is committed to its stance: "We do not want energy supplies from Russia in the future. We do not want them now and we will not want them after a peace deal."
In early May, the European Commission unveiled a plan to completely phase out …
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EU allocates €1 billion from frozen Russian assets to bolster Ukraine's defense
The European Union has allocated €1 billion to Ukraine from the income of frozen Russian assets, a significant financial support to fuel Ukraine's defense capabilities. The decision was formalized on May 9 in Lviv, with the signing of an agreement by Ukrainian Prime Minister Denys Shmyhal and foreign ministers from EU member states and the UK.
This financial boost is earmarked for the development of Ukraine's air defense systems, and the purchase of domestic weaponry under the so-called Danish …
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EU prepared to boost Ukraine military aid if Trump's diplomacy with Putin falls short, says EU Defense Commissioner
In a significant move, European Union nations are positioned to ramp up their military aid to Ukraine, should President Donald Trump not successfully convince Vladimir Putin to swiftly end the conflict, according to EU Defense Commissioner Andrius Kubilius. To date, the EU and the U.S. have jointly provided Ukraine with military assistance totaling approximately €40 billion annually; however, Kubilius emphasizes the potential to utilize these funds more efficiently. This strategy could …
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Ukraine secures third EU tranche from frozen Russian assets for reconstruction efforts
Ukraine has been granted €1 billion under the G7 initiative, sourced from revenues of frozen Russian assets.
The European Union transferred €1 billion to Ukraine as part of the Extraordinary Revenue Acceleration (ERA) initiative, announced Prime Minister Denys Shmyhal on Telegram.
"The EU has transferred €1 billion to Ukraine under the ERA initiative. This was announced during our meeting with EU Commissioner for Economics and Financial Affairs, Valdis Dombrovskis, in Brussels. This marks the …
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Europe holds the cards: EU's sanctions could make or break Russian economy
Contrary to Kremlin propaganda, time doesn't heal – sanctions are gradually strangling the Russian economy, and it's Europe that holds the key to Russia's economic fate. Despite Washington's loud announcements, the critical mechanism of sanction pressure on Russia is not in the US but in the hands of the European Union, reports the French newspaper Le Monde, explaining that it is Europe, not America, who has the real power to paralyze the Kremlin's economy. While Moscow celebrates progress in …
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China seeks role in Ukraine peacekeeping mission amid EU diplomatic talks
Chinese diplomats have reportedly been probing European Union politicians about including Beijing in a peacekeeping mission in Ukraine, reports Die Welt, citing an unnamed EU diplomat. While the specifics of these conversations, referred to as "delicate," remain undisclosed, the interest shown by Chinese representatives underscores the complexity of geopolitical maneuvers amidst the ongoing conflict.
According to the source, Chinese diplomats approached EU representatives to discuss the …
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Macron hints at European troops deployment to Ukraine without Russia’s consent
France’s President Emmanuel Macron has made clear that Russia should have no say over the deployment of European troops in Ukraine, should Kyiv request their presence. In an interview with Le Parisien, Macron emphasized Ukraine's sovereignty, indicating that decisions regarding allied troop deployment are solely Ukraine’s prerogative.
Macron highlighted a growing alignment between Ukraine and the United States during talks in Saudi Arabia culminating in a mutual agreement on a 30-day ceasefire. …