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  • EU set to adopt windfall levy, but no deal on gas price cap Sep 30, 2022 03:30 PM IST

    EU set to adopt windfall levy, but no deal on gas price cap

    Several diplomats who spoke ahead of Friday's meeting expressed confidence a deal will be approved on a levy on surplus profits made in 2022 by companies producing or refining oil, gas and coal.

  • Czechs protest handling of energy crisis, membership of EU and NATO Sep 28, 2022 07:51 PM IST

    Czechs protest handling of energy crisis, membership of EU and NATO

    The demonstration on a national holiday in Prague's main square, organised by far-right and fringe groups and parties including the Communists, was estimated at "lower tens of thousands" by the police, compared to 70,000 on Sept. 3.

  • Ukraine urges EU to cap Russian oil price now under new sanctions Sep 28, 2022 07:30 PM IST

    Ukraine urges EU to cap Russian oil price now under new sanctions

    Oleg Ustenko spoke as the EU’s executive European Commission is expected to present its proposal on the next package of sanctions against Russia later in the day to the EU 27 member states’ national envoys meeting in Brussels.

  • EU crisis response meeting to discuss developments in Russia Sep 26, 2022 12:40 PM IST

    EU crisis response meeting to discuss developments in Russia

    Ambassadors are not usually present at meetings of the integrated political crisis response group, which includes officials from the EU's executive and its diplomatic service.

  • Eyes on Belgium as some EU states push for Russian diamond ban Sep 26, 2022 06:48 AM IST

    Eyes on Belgium as some EU states push for Russian diamond ban

    The EU, which has so far implemented six rounds of sanctions since Russia invaded Ukraine on Feb. 24, needs unanimity to agree any such ban that Belgium - home to the world's biggest diamond trading hub Antwerp - has rejected in the past.

  • EU eyes oil price cap, more high-tech export curbs in new Russia sanctions: sources Sep 22, 2022 07:47 PM IST

    EU eyes oil price cap, more high-tech export curbs in new Russia sanctions: sources

    The 27-nation EU was spurred into action by President Vladimir Putin's nuclear rhetoric on Wednesday, announcement of a partial mobilisation for the war and support for plans to effectively annex parts of east Ukraine.

  • EU says members will need joint position on Russians arriving at borders Sep 22, 2022 05:15 PM IST

    EU says members will need joint position on Russians arriving at borders

    The European Commission said, however, that member states will have to assess requests on a case-by-case basis, taking into account fundamental rights and asylum procedure legislation.

  • How a looming oil ban could devastate a small Italian city Sep 22, 2022 01:22 PM IST

    How a looming oil ban could devastate a small Italian city

    Ever since the EU agreed to ban most imports of crude oil from Russia because of its invasion of Ukraine, the future of this refinery — the largest in Italy — has been thrown into doubt

  • EU, France see no better deal for Iran Sep 20, 2022 06:39 AM IST

    EU, France see no better deal for Iran

    Months of indirect talks between Iran and the United States have foundered over several issues, including Tehran's insistence the International Atomic Energy Agency (IAEA) close an investigation into uranium traces found at three undeclared sites before the pact is revived, and a U.S. guarantee that Washington would not walk out of any nuclear agreement again.

  • EU plans to upgrade its Paris Agreement climate target - document Sep 19, 2022 09:53 PM IST

    EU plans to upgrade its Paris Agreement climate target - document

    The EU, the world's third-biggest emitter, has pledged to cut its net emissions by 55% by 2030, from 1990 levels - one of the most ambitious goals among major economies.

  • Putin tells Europe: if you want gas then open Nord Stream 2 Sep 16, 2022 10:38 PM IST

    Putin tells Europe: if you want gas then open Nord Stream 2

    Speaking to reporters after the Shanghai Cooperation Organisation summit in Uzbekistan, Putin blamed what he called "the green agenda" for the energy crisis, and insisted that Russia would fulfil its energy obligations.

  • Italy to contribute to Ukraine EU aid program with 700 million euros: govt draft Sep 16, 2022 04:06 PM IST

    Italy to contribute to Ukraine EU aid program with 700 million euros: govt draft

    The decision is expected to be ratified by a cabinet meeting later in the day.

  • EU wants tougher rules for media pluralism, mergers and against spying on journalists Sep 16, 2022 02:47 PM IST

    EU wants tougher rules for media pluralism, mergers and against spying on journalists

    The Media Freedom Act (MFA), which comes amid worries about media freedom in Hungary, Poland and Slovenia, also set out tougher rules for media conglomerates acquiring smaller rivals, making sure that the deals ensure media pluralism and safeguard editorial independence.

  • What price is right? Why capping Russian oil is complicated Sep 16, 2022 01:47 PM IST

    What price is right? Why capping Russian oil is complicated

    It has emerged as a central question that could determine the success of the novel idea, Russia’s response and the trajectory of oil prices as winter approaches. The consequences of getting the oil price cap wrong could be severe for the world economy, and time is running short

  • US, EU step up pressure on Turkey over Russia sanctions Sep 15, 2022 10:50 AM IST

    US, EU step up pressure on Turkey over Russia sanctions

    The United States is focusing on Turkish banks that have integrated into Russia's Mir payments system, the paper reported citing two Western officials involved in the plans, as Brussels prepares a delegation to express its concerns to Turkish officials directly.

  • "Vladimir Putin will fail, Europe will prevail", says EU chief Sep 14, 2022 01:54 PM IST

    "Vladimir Putin will fail, Europe will prevail", says EU chief

    "This is about autocracy against democracy," Ursula von der Leyen, wearing blue and yellow - the colours of both Ukraine's and the EU flags - said in her annual address to the European Parliament.

  • Google loses challenge against EU antitrust decision, wins 5% fine cut Sep 14, 2022 01:53 PM IST

    Google loses challenge against EU antitrust decision, wins 5% fine cut

    "The General Court largely confirms the Commission's decision that Google imposed unlawful restrictions on manufacturers of Android mobile devices and mobile network operators in order to consolidate the dominant position of its search engine," the court said.

  • EU eyes levy on fossil fuel firms to help consumers survive energy crisis Sep 12, 2022 08:33 PM IST

    EU eyes levy on fossil fuel firms to help consumers survive energy crisis

    Energy prices and inflation have surged as Moscow slashed gas supplies in response to Western sanctions imposed over its actions in Ukraine, prompting France to tell consumers they would have to share some of the pain while Britain is among countries facing the threat of recession.

  • EU readies energy package, countries split over gas price cap Sep 12, 2022 03:56 PM IST

    EU readies energy package, countries split over gas price cap

    At a meeting on Friday, EU countries’ energy ministers asked the European Commission to draft measures to skim off excess revenues from non-gas power generators, cut EU-wide electricity use, and help power firms in need of emergency liquidity.

  • EU countries seek emergency solution to soaring energy bills Sep 09, 2022 10:53 AM IST

    EU countries seek emergency solution to soaring energy bills

    The basis for the talks is a set of proposals made by European Commission President Ursula von der Leyen - among them, a price cap on Russian gas, a windfall levy on non-gas power plants, a bloc-wide cut in electricity demand, and emergency credit lines for power firms facing soaring collateral requirements.

  • EU, China trade barbs over failed G20 climate talks Sep 07, 2022 10:54 AM IST

    EU, China trade barbs over failed G20 climate talks

    At the end of last week's negotiations in Bali, Indonesia, the 20 governments failed to agree a joint communique on climate change. Diplomatic sources had said some countries, including China, were unhappy with language that had already been agreed and enshrined in past deals.

  • EU races to shield industry as Russia gas stoppage shakes markets Sep 06, 2022 07:01 AM IST

    EU races to shield industry as Russia gas stoppage shakes markets

    European Union governments are pushing through multi-billion euro packages to prevent utilities buckling under a liquidity squeeze and to protect households from soaring energy bills.

  • Macron urges French to save energy, seeks 10% drop in use Sep 05, 2022 10:54 PM IST

    Macron urges French to save energy, seeks 10% drop in use

    Macron warned Monday that forced energy savings might have to be considered in coming months if voluntary efforts aren't sufficient.

  • Top EU diplomat warns European arms stocks are running low Sep 05, 2022 04:22 PM IST

    Top EU diplomat warns European arms stocks are running low

    At a meeting in the Czech Republic last week, EU defense ministers debated ways to better pool military materiel and resources, but also to bulk purchase ammunition and weapons like air defense systems which Ukraine continues to need.

  • EU to discuss gas-price caps, derivatives halt amid crisis Sep 05, 2022 12:47 PM IST

    EU to discuss gas-price caps, derivatives halt amid crisis

    Gas prices surged more than 30% Monday after Russia’s decision late Friday by Gazprom PJSC to keep the crucial Nord Stream pipeline shut. The energy crisis is also under intense pressure, dropping below 99 US cents to its weakest level since 2002.

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