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Tag Archives: Europe

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What happens if Russia turns off the gas taps to Europe

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Europe blocks payment to Russian investors

Russia’s National Settlement Depository (NSD) said on Friday that Clearstream clearing house, which processes payments for many of the country’s corporate and sovereign bonds, has blocked its account. This means that Russian holders of European stocks and bonds cannot receive dividends on their investments through Clearstream. According to Interfax, the …

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More Russian money and property seized in Europe

Italy and the Netherlands have frozen assets worth $1.7 billion belonging to Russian citizens, in line with the bloc’s sanctions against their country, the media reported on Tuesday. Italy seized assets worth over $882 million (€800 million) belonging to wealthy Russians on the EU blacklists, Prime Minister Mario Draghi said …

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One of Europe’s biggest car plants halts production

One of the biggest vehicle manufacturing plants in Europe, Volkswagen Bratislava, has suspended production due to interruptions to its supply of parts from Ukraine and other issues, Slovakian media reported on Tuesday. Production across all areas was stopped on Monday for two days due to a long-term lack of semiconductor …

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Europe suspends ExoMars program over Russia sanctions

The European Space Agency has indefinitely postponed its ExoMars rover mission, according to a statement issued by ESA on Thursday. The launch of the rover was supposed to be carried out in partnership with Russia and was initially set for later this year. However, it has been put on hold …

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Zelensky calls on Germany to ‘tear down the wall’ in Europe

Ukrainian president Volodymyr Zelensky addressed German authorities at Bundestag on Thursday morning, calling on the Chancellor to help destroy a new “wall” Russia was building in Europe by its offensive on Ukraine. The speech came the day after his speech before the US Congress on Wednesday night. “It’s not a …

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Europe ‘not at war with Russia’ – EU diplomacy chief

The European Union is not at war with Russia but supported Ukraine, Josep Borell, EU High Representative for Foreign Affairs, said on Tuesday night, while speaking to Spanish radio station Cadena SER. “We are not at war with Russia, but we are on the side of the attacked. Between the …

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Russia to evacuate citizens from Europe

The Russian government has announced it is working on a plan to evacuate its citizens from Europe, after an array of European countries closed their airspace to all Russian airlines amid Moscow’s military conflict with Kiev. Russia’s Federal Air Transport Agency and Federal Tourism Agency revealed on Sunday that they …

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