EU

New Portuguese government signals approval for Ukraine’s EU bid

Portugal’s newly elected government, headed by Prime Minister Luís Montenegro, is in favor of Ukrainian accession to the European Union, the country's new Foreign Minister, Paulo Rangel, said on April 4.

5 April 2024, 01:25 PM

EU working on transferring over $260 billion in frozen Russian assets to Ukraine for reconstruction

The European Union is working on mechanisms to utilize frozen Russian assets — worth nearly €250 billion — to compensate for damage caused by Russia’s aggressive war of conquest in Ukraine, said European Commissioner for Justice, Didier Reynders.

3 April 2024, 01:25 PM

Russian ship caught with sanctioned cargo destined for USA detained in Germany

German authorities have detained a Russian vessel, the Atlantic Navigator II, in the port of Rostock for transporting goods listed under EU sanctions to the United States, Ostsee Zeitung reported.

3 April 2024, 11:00 AM

EU will not transfer $5.4 billion in profits from frozen Russian assets to Ukraine

The European Union has decided not to transfer EUR 5 billion ($5.4 billion) in investment profits from frozen Russian assets, Politico reported on March 27.

27 March 2024, 11:30 PM

EU extends liberalized trade regime with Ukraine, adding some restrictions

EU ambassadors have agreed to extend the existing liberalized trade regime with Ukraine for another year, the Belgian presidency of the European Council announced via Twitter on March 27.

27 March 2024, 09:30 PM

Finland, Sweden call for stronger EU sanctions against Russia and Belarus

Finland and Sweden are urging the European Union to ramp up sanctions against Russia following the death of Russian opposition leader Alexei Navalny, Swedish Foreign Minister Tobias Billstrom said on March 26, as reported by Reuters.

27 March 2024, 12:15 AM

Rheinmetall receives $140 million in EU funding to boost ammunition production

The EU has granted EUR 130 million ($140 million) to German defense contractor Rheinmetall to increase its ammunition production capacity, the company announced on March 26.

26 March 2024, 11:45 PM

Economy Ministry unveils four-year reform plan in exchange for EU's €50B aid program

In order to access the EU's €50 billion financial assistance program through the Ukraine Facility, the country must fulfill 27 reform indicators, including 7 this year, the Economy Ministry announced on March 20.

21 March 2024, 11:31 AM

Five member states urge EU to ban grain imports from Russia and Belarus

Agriculture ministers of Poland, Czechia, Lithuania, Latvia, and Estonia have called on the European Commission to ban grain imports from Russia and Belarus to the EU, Lithuanian broadcaster LRT reported on March 20.

20 March 2024, 10:30 PM

EU must put its economy on ‘war footing’ — Michel

EU member states must take radical steps to prepare for defense and put the EU economy on a "war footing," European Council head, Charles Michel, said in an address to the European Council.

20 March 2024, 12:10 PM

EU grapples with transitioning its economy to a ‘war footing’

European Council President Charles Michel has called for the European Union's economy be put on a "war footing." This issue will be discussed at the EU leaders’ summit on March 21-22, according to the corresponding invitation letter published on March 19.

20 March 2024, 01:35 AM

With defense production spiking, Europe will soon produce enough ammo for both Ukraine and EU

European companies will soon be able to manufacture the necessary amount of ammunition to supply both Europe and Ukraine, Czech President Petr Pavel told Radio Svoboda (Liberty).

19 March 2024, 12:00 PM

France throws weight behind Poland's efforts to restrict Ukrainian imports

France is backing Poland's push to limit agricultural imports from Ukraine, threatening to derail talks on Kyiv's free trade with the EU, Politico reported.

19 March 2024, 09:50 AM

Can Europe defend itself if US withdraws from NATO – expert interview

Global security analysts are grappling with a potential Russian attack on NATO, given Donald Trump’s possible second term on office could de-facto suspend Washington’s security guarantee to another Alliance members.

18 March 2024, 10:30 PM

Moldova to hold referendum on EU membership in 2024 — President Sandu

Moldova plans to hold a national referendum on applying to join the EU this coming fall, Moldovan President Maia Sandu said on March 18, as reported by Reuters.

18 March 2024, 09:30 PM

EU condemns the Russian presidential ‘elections’ on temporarily occupied territories

Russian presidential "elections", held in Ukrainian temporarily occupied territories, violated the sovereignty of Ukraine, EU High Representative for Foreign Affairs and Security Policy Josep Borrell said, Sky News reported on March 18.

18 March 2024, 03:48 PM

How EU-Russia-Belarus trade changed in recent years

The European Union continues trading with Russia and Belarus. NV Business examines who makes the most profit from this flow of goods and which products are in demand.

14 March 2024, 10:25 PM

Estonia proposes $130 billion annual plan to give Ukraine ‘what it needs to win’

Estonia has proposed a 120-billion-euro ($131.3 billion) financing plan for Ukraine, according to Kusti Salm, Permanent Secretary of the Estonian Defense Ministry, European outlet Euractiv reported on March 13.

13 March 2024, 06:27 PM

How Moscow might respond to Armenia’s alignment with the West – expert interview

As its long-standing alliance with Russia rapidly deteriorates, Armenia is considering applying to join the European Union.

12 March 2024, 10:05 PM

EU Parliament tightens punishment for bypassing sanctions against Russia

MEPs have approved new penalties for ignoring or circumventing EU sanctions, including those levied against Moscow, the European Parliament’s press service reported on March 12.

12 March 2024, 08:35 PM

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