Ursula von der Leyen says pressure on Putin must be increased: "Let's look at oil"

Author: Nicolas Nicolas / April 06, 2022 15:16 / Europe

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.

Oil Russia-ukraine crisis Russian gas Sanctions Ukraine War

Bank of Spain sees inflation hitting 7.5% in 2022, lower growth in 2022, 2023

Author: Nicolas Nicolas / April 05, 2022 21:00 / Economy

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.

Europe Inflation Russia-ukraine crisis Spain

Lessons from Russia: A Rights-Based Approach to Energy Policy in the EU

Author: Nicolas Nicolas / April 05, 2022 18:01 / Europe

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

France pushing for energy sanctions against Russia

Author: Nicolas Nicolas / April 05, 2022 16:34 / Economy

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.

Energy Europe France Russia-ukraine crisis Sanctions

Turkey inflation hits 61% as fallout from Ukraine war continues

Author: Nicolas Nicolas / April 05, 2022 16:07 / Economy

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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