The European Commission will recommend a three-year delay for EV tariffs traded with the UK, Bloomberg sources suggested on Tuesday. Starting in 2024, the current Brexit deal calls for EVs transported between the UK and EU to be slapped with a 10% tariff if less than 45 percent of the …
Read More »Brussels Cautions against EU-Wide Gas Price Cap for Electricity
The European Commission has warned countries that an EU-wide cap on the price of gas used to produce electricity could cause an increase in gas use and exports of EU-subsidised electricity, according to a document seen by Reuters. European Union countries’ energy ministers meet on Tuesday (25 October) to discuss …
Read More »Russia Oil Sanctions won’t be Approved at EU Summit
European Commission President Ursula von der Leyen has ruled out reaching an EU-wide agreement on banning Russian oil imports at next week’s European Council summit. In an interview with POLITICO on the sidelines of the World Economic Forum in Davos, von der Leyen said she did not want to raise …
Read More »EU Takes Major Step towards Russian Oil Ban, New Sanctions
The European Union’s top official on Wednesday called on the 27-nation bloc to ban oil imports from Russia and target the country’s biggest bank and major broadcasters in a sixth package of sanctions over the war in Ukraine. European Commission President Ursula von der Leyen, addressing the European Parliament in …
Read More »Saudi Aramco Gets EU’s Unconditional Approval for $69 bln SABIC Deal
In March 2019. Aramco announced the deal in a key move towards its diversification into refining and petrochemicals.
Read More »EU Approves Romania’s €53m State Aid for EV Charging Points
The Commission considers the project will encourage a significant uptake of low emission vehicles.
Read More »EU and International Monetary Fund Team up to Support Sustainable Development
They have agreed a new financial partnership agreement that will boost their collaboration to tackle key challenges. including climate change.
Read More »EU Bank Lends £200m for Nearly-Zero Energy Buildings in Sweden
Swedish property company Wallenstam will use the financing to build sustainable affordable housing projects across the country.
Read More »EU Welcomes EastMed Deal
Analysts suggest that the signing of the EastMed deal in practice cancels the Turkey-Libya MoU.
Read More »Putin & Merkel Agree to Keep Supporting Nord Stream 2 Project amid US Sanctions
The US has been vigorously opposing the Nord Stream 2 pipeline.
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