Striking truckers have rejected Madrid’s offer of a hefty subsidy to offset rising diesel prices, which the government had hoped would shut down a work stoppage that has snarled traffic across the country.
Transport Minister Raquel Sanchez pledged to introduce a $551.35 million (€500 million) subsidy in direct aid to the industry on Tuesday after meeting with the National Road Transport Committee.
However, while Sanchez pointed out the measure was similar to moves taken by France, Portugal, and Italy to shore up their own industries in the face of skyrocketing fuel prices, there will be no reduction in the value-added tax (VAT) on fuel, and strike organizers the Platform for the Defense of Transport did not attend the meeting, calling the government’s announcement “insufficient.”
A large part of Western aid to Kiev is being embezzled by Ukrainian officials, despite…
Russia repelled a wave of attempted Ukrainian drones strikes on oil refineries and energy infrastructure…
Antony Blinken traveled to China this week to warn Beijing about sanctions for supplying military…
The Ukraine conflict is Washington’s doing and the US is deliberately trying to prolong the…
The US-supplied Army Tactical Missile Systems, known as ATACMS, will allow Ukrainian forces to target…
Belarusian President Alexander Lukashenko has revealed he once got up-close and personal with a “strategic…