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EU agrees to tap profits from frozen Russian assets

EU member states have reached an agreement that is expected to allow Brussels to transfer the income generated by Russia’s frozen central bank reserves to Kiev, according to an X (formerly Twitter) post on Monday by the Belgian presidency of the EU Council.  “EU Ambassadors just agreed in principle on …

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EU agrees to impose price cap for Russian oil – Politico

The EU has reached a tentative deal to impose a price cap on the sale of Russian oil to third countries, Politico Europe reported on Tuesday citing diplomatic sources. Cyprus, Greece and Malta had concerns about the potential impact on their shipping industry, but were reportedly promised concessions.  The price …

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EU agrees new anti-Russia sanctions

The European Union approved a sixth round of sanctions against Russia on Thursday, Reuters reports. The package reportedly includes an embargo of Russian crude. “There’s a decision of the ambassadors. The sixth package will come into force after publication in the Official Journal of the EU, tentatively on Friday,” an …

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Slovakia agrees to pay for Russian gas in rubles

Slovakia will pay for Russian natural gas in rubles if that’s what it takes to keep the commodity flowing, Slovak Economy Minister Richard Sulik has said on national television. “If there is a condition to pay in rubles, then we will pay in rubles,” Sulik said. He stressed that Russian …

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Canada agrees to ‘historic reparations’ for 200,000 indigenous children

The Canadian government has reached a “milestone” $31-billion settlement to compensate indigenous children and families harmed by the “discriminatory underfunding” of the child welfare system on First Nations reservations. Two in-principle agreements – relating to compensation for more than 200,000 affected children dating back to 1991, and to future reform …

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Japan agrees to pay more for hosting US troops

The deal would see Japan pay 1.05 trillion yen (around $9.3 billion) to the US over a five-year period, Japanese media reported on Tuesday. The agreement will be officially signed by the foreign and defense ministers of both countries, scheduled for sometime in January in the US. Japanese news agency …

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First country agrees to set up embassy in METAVERSE

The Barbadian government officially signed an agreement to establish a digital embassy in Decentraland, a user-owned, Ethereum-based digital environment, on Sunday, CoinDesk reported, citing the country’s Ministry of Foreign Affairs and Foreign Trade. The tech platform also noted the move in a tweet. The island does not plan to stop …

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Israel agrees to ‘strengthen’ Palestinian economy in first top-level talks since 2010 held after PM Bennett’s return from US

The two got together just hours after Israeli Prime Minister Naftali Bennett returned from Washington, where US President Joe Biden, who is a strong supporter of the two-state solution in the Israeli-Palestinian conflict, asked him to take steps “to improve the lives of Palestinians and support greater economic opportunities for …

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