EU-Mercosur trade deal hangs in balance
Digest more
EU Yields to Pressure From Automakers
Digest more
3don MSN
EU indefinitely freezes Russian assets so Hungary and Slovakia can’t veto their use for Ukraine
The European Union on Friday indefinitely froze Russia’s assets in Europe to ensure that Hungary and Slovakia, both with Moscow-friendly governments, can’t prevent the billions of euros from being used to support Ukraine.
Oil revenue is a key part of Russia’s economy, allowing President Vladimir Putin to pour money into the war effort against Ukraine without worsening inflation for everyday people and avoiding a currency collapse.
By Lili Bayer, Julia Payne and Anna Hirtenstein BRUSSELS, Dec 15 (Reuters) - The European Union adopted fresh sanctions against Russian oil interests on Monday, targeting traders Murtaza Lakhani and Etibar Eyyub for helping Moscow to circumvent Western sanctions on crude exports that help to fund Russia's war in Ukraine.
European Union member states have approved nearly $2.7 billion in funding for Ukraine as part of a plan to bolster the war-besieged nation's recovery, reconstruction and modernization.
Although not common, air passengers have experienced missed connections due to lengthy processing times at EU borders.View on euronews
EU lawmakers backed on Tuesday tighter controls on imports of agricultural products resulting from a potential trade agreement with South American bloc Mercosur, potentially meeting the complaints of critics of the deal.
Cyprus joined the EU in 2004 as a war-divided island and could offer Ukraine a blueprint for accession. The island will take over the EU’s rotating presidency from Denmark on Jan. 1 and has promised to continue work on Ukraine’s bid.
The European Union unveiled a new plan to make sure its industries aren’t overtaken by global rivals as competition intensifies with the US and China.
Feedback