Tag Archives: European Union (EU)

Germany. France. UK – have urged Iran not to walk away from the agreement that has been practically rendered ineffective after the US’ pullout in 2018.

Austrian Foreign Minister Alexander Schallenberg lashed out at the US over its push for sanctions to be slapped on the Nord Stream 2 gas pipeline project.

Despite a huge increase in demand for battery electric vehicles. their market share is still small at 1.6%.

An Iranian deputy foreign minister said the country’s fifth and final step to reduce its commitments to the 2015 nuclear deal has helped to restore the balance in the Joint Comprehensive Plan of Action (JCPOA).

Under the terms of the deal. Russia is obligated to send 65bn cubic meters (bcm) of gas through Ukraine in 2020 and 40bcm of gas from 2021 to 2025.

The Green Economy Accreditation recognises companies and investment funds that derive over 50% of their annual revenues from sustainable products and services.

The report notes while many EU countries are struggling to reach their 32% renewable energy usage target by 2030. nations such as Paraguay and the Democratic Republic of the Congo are already producing 100% renewable energy.

Analysts suggest that the signing of the EastMed deal in practice cancels the Turkey-Libya MoU.

Since Europeans have not taken any specific measure to fulfill their obligations to Iran nuclear deal. Iran will take its fifth step in scaling down its commitments to the deal.

The Russian Energy Minister expects the EU to remain the primary buyer. with an estimated 325 bcm going towards Europe.