British regulators gave final approval to the development of a new gas field in the North Sea on Wednesday, June 1, which will be developed by the Netherlands and Germany. Earlier, Gazprom stopped gas supplies to the largest gas trader in the Netherlands due to its refusal to pay under the new scheme. According to…
After the European Union froze $ 250 million in assets of Russian businessmen, the Italian government faced several problems. According to the Washington Post article, the main challenge of the country today is to manage the frozen villas of the Russians, which is quite expensive. There is also the question of what function the empty…
German breweries have issued a warning stating that there may be a shortage of beer bottles this summer, citing increased production costs and a shortage of truck drivers. The executive director of the German Brewery, Holger Eichel, told the German newspaper Bild that the situation was “extremely difficult.” Due to inflation, breweries in new glass…
The European Union is going to register only electric vehicles on its territory from 2035, without exception, German publication – Handelsblatt reports. According to the newspaper, agreement on this is already achieved in the European Parliament and the Council of the European Union. The publication’s got access to the “compromise proposal” sent by France, the…
The EU’s long-delayed banking union plan was presented to finance ministers on Tuesday. The head of the Eurogroup, Irish Finance Minister Paschal Donoche, asked his colleagues to discuss the basic principles of the EU deposit insurance scheme. If enacted, it would be the latest in a series of measures that have come into force since…
The British business newspaper City A.M. And RIFT Tax Refunds conducted a study showing that the Cayman Islands, the UK, and the US are leading in terms of offshore losses. A collective study found that under the offshore scheme registered in the Cayman Islands, the Cayman Islands alone lose about $ 45.7 billion annually. The…
Russian-flagged ships have been banned from entering EU ports since April 17, with Estonia, Belgium and Bulgaria joining the naval blockade. Earlier, Romania and Italy closed ports to Russian ships. The case concerns one of the measures of sanctions previously approved by the European Union, according to which restrictions were imposed on ships that replaced…
The Estonian government approved a sanction restricting the opportunities for Russian and Belarusian citizens to work or do business in Estonia and suspending the issuance of visas and residence permits. Minister of the Interior Kristian Jaani noted that the sanction is an additional step to avoid a contradiction, where international and state sanctions restrict the…
The relevant resolution was adopted by 513 votes to 22 in the plenary session of the European Parliament. “By a large majority, the European Parliament has voted in favor of a resolution imposing an immediate embargo on Russian oil, gas, coal, and other fossil fuels.” MEP Guy Verkhofstadt wrote about it on Twitter. In the…
The International Monetary Fund (IMF) has published a new report on the Russia-Ukraine war, which talks about the impact of the conflict on the region and the world. According to the IMF, the war will significantly affect not only the countries directly involved in the war but also the European region and the world. According…
