Ursula von der Leyen, head of the European Commission, said on Wednesday that the European Union would impose new sanctions on Russia, probably on gas and oil. "At this critical time in the war, we need to increase pressure on Putin again," von der Leyen was quoted as saying in the European Parliament.
Spain's central bank on Tuesday lowered its economic growth forecast for this year and next due to the impact of inflation stoked by Russia's invasion of Ukraine, and said the pace of recovery had already slowed down in the first quarter. Inflation is projected to rise to 7.5% in 2022.
Recent oil and gas sanctions imposed on Russia, in light of its human rights violations in Ukraine, have revealed major problems in the EU’s energy security. As the EU now scrambles for new sources, questions about the human rights track record of alternative energy providers are raised. How can the EU ensure that its new energy supplies and an energy policy that are committed to the protection of human rights internationally?
Energy Europe Russia-ukraine crisis Russian gas Sanctions Ukraine invasion
BRUSSELS: French Finance Minister Bruno Le Maire said Tuesday that there is a “total determination” from all 27 European Union countries for sanctions against Russia that could target oil and coal over evidence its troops deliberately killed Ukrainian civilians.
Consumer inflation has surged to a fresh two-decade high in Turkey as external headwinds spawned by Russia’s invasion of Ukraine add to the country’s own economic woes.
Inflation Prices Russia-ukraine crisis Turkey Ukraine invasion
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