Despite its historical dominance in Eastern Europe and geopolitical proximity to the EU, Russia remains a low-key trading partner for Europe, except when it comes to energy. Relations between Moscow and most EU member countries are best characterized as pragmatic, with both sides looking for mutual benefits and avoiding major
As a clean-burning fuel, hydrogen is considered a key element in the EU strategy for decarbonizing Europe’s economy. At a conference last week dedicated to the topic, European energy ministers said that to draw investment for things like hydrogen production and distribution, the industry needs predictability, meaning that a
Changes to how multinational companies and giant tech firms are taxed globally may be on the horizon, resulting in a curbing of investment in lower corporate tax jurisdictions. In the wake of the US Treasury secretary’s recent proposal to introduce a global corporate tax rate, now finance ministers from
Hungary’s prime minister, Viktor Orban, is spearheading the formation of a new European political alliance, which will be more right wing than the European People’s Party, the center-right European Parliament grouping which the PM’s party, Fidesz, exited from earlier this year after having received extensive and prolonged
Germany has long backed Nord Stream II (NS2), which will provide it with more natural gas from Russia – and is nearing completion. Still, in a meeting this week with NATO’s secretary general, US secretary of state Antony Blinken listed reasons why the Biden administration is against the natural gas
This week Russia’s foreign minister, Sergei Lavrov, on a visit to China, declared that Russia’s relations with the European Union are over, because the EU had destroyed long-term mechanisms between the two sides. Now, he said, Moscow would be dealing with individual European states instead of Brussels. For
None of France’s pharmaceutical companies have signed a contract with Russia to produce its Sputnik V COVID-19 vaccine, a spokesman for France’s industry ministry said on Tuesday. The French reaction followed media reports by the head of Russia’s RDIF sovereign wealth fund stating an agreement had been
As part of the 2030 Digital Compass targets, the European Commission aims to introduce a series of benchmarks to be achieved by the end of the decade. The ultimate goal for the bloc is to become “digitally sovereign.” The EC aims to mitigate the risks stemming from EU data being
Despite striking a deal with the EU on a four-month freeze of the tariffs they slapped on each other over subsidies for aerospace giants Boeing and Airbus, the new US administration is still in a troubling trade war situation with Brussels. The previous US president left his successor with a
In a letter sent to MEPs some of Europe’s largest industries lobby groups called the European Union to change their position on the bloc’s planned carbon border policy in a last-minute attempt to preserve protective measures. The industry lobby attempt comes ahead of the European Commission’s widely