Veteran Latvian lawmaker and nationalist politician Alexander Kirstein has said that people laying flowers at a World War II memorial in Riga, an act that would defy city authorities, should be taken prisoner at the site and then expelled from Latvia to Russia. His proposal, made on Twitter on Wednesday, …
Read More »
The need to write down assets as well as setting aside cash to shield against the expected economic ramifications of anti-Russia sanctions has resulted in billions of euro in losses for European banks. The lenders have so far taken a hit of about $9.6 billion, led by Societe Generale and …
Read More »
Moldova’s President Maia Sandu has acknowledged that her country has no way to substitute Russian gas, expressing hope that deliveries by Gazprom will continue despite an unsettled debt. “We find ourselves in a very difficult situation,” Sandu said in an interview with broadcaster Jurnal TV on Wednesday. Moldova’s contract with …
Read More »
Moscow has warned London that by “pumping” Ukraine with weapons, Britain is undermining European security. The remark came after the British foreign secretary urged allies to provide Ukraine with “heavy weapons, tanks, aeroplanes,” while also bolstering the defense capabilities of Moldova and Georgia. Speaking to journalists by phone on Thursday, …
Read More »
Prices for natural gas in Europe pushed higher on Tuesday after seven sessions of declines, as Russian supplies via Ukraine are expected to drop. Orders have reportedly decreased to some 68% of the amount that Russian energy giant Gazprom is capable of sending under the current transit contract. Gazprom reiterated …
Read More »
Moscow wants security guarantees for all European nations, not just Ukraine and Russia, the country’s foreign minister told journalists on Friday. During peace talks with Russia, Kiev has confirmed it is prepared to become a non-aligned country in exchange for legally binding security guarantees. Following talks with his Indian counterpart, …
Read More »
German gas industry group Zukunft Gas said on Wednesday it was confused by the statement of Russian President Vladimir Putin about the switch of payments for Russian natural gas supplies to rubles. “We took the message that Russia wants [us] to pay for gas supplies only in rubles with great …
Read More »
February consumer price inflation in Europe accelerated by 5.9% compared to last year’s 0.9% per annum, marking the fastest annual jump on record, Eurostat statistics agency said on Thursday. The indicator rose sharply from 5.1% in January. Prices spiked most in Lithuania (14.0%), Estonia (11.6%) and the Czech Republic (10.0%). …
Read More »
Europe’s largest auto producers, BMW and Volkswagen, have halted manufacturing at some of their plants as the supply of critical low-cost parts from Ukraine is drying up, the Financial Times reported on Wednesday. According to the media, citing AutoAnalysis estimates, Ukraine produces about a fifth of Europe’s supply of harnesses. …
Read More »
Ukrainian President Volodymyr Zelensky and Prime Minister Denys Shmyhal held a meeting with the prime ministers of Poland, Slovenia, and the Czech Republic, which concluded on Tuesday evening. The talks concerned questions of intensifying sanctions against Russia in response to the military offensive, humanitarian aid for Ukraine, and the country’s …
Read More »