European Commission

CEE states urge EU to rebuild Ukraine with seized Russian assets

In a letter to be sent to EU finance ministers, Slovakia, Lithuania, Latvia and Estonia jointly call for frozen Russian…

2 years ago

OMV to transfer euros to Russia for payments to Gazprom

Austrian energy group OMV announced on Friday that it was opening an account with Russian Gazprombank for ruble conversion. The development…

2 years ago

EC unveils EUR 300bn plan to decouple from Russian energy within 5 years

The European Commission (EC) adopted a EUR 300bn proposal for the 27-country bloc to be entirely independent of Russian energy…

2 years ago

Poland set to unlock EUR 36bn in COVID recovery funds frozen over dispute – report

The European Commission (EC) is about to release the EUR 36bn Recovery and Resilience Plan (RRP) funds to Poland that…

2 years ago

Hungary leverages over EU oil sanctions

The EU on Monday failed to make headway on finalising a sixth package of sanctions against Russia in response to…

2 years ago

Crucial vote next week for EU decarbonisation

MEPs on the environment committee of the European Parliament (ENVI) will vote on a tranche of environmental proposals early next…

2 years ago

EU may compensate CEE countries for hit from Russian oil embargo

The European Commission (EC) could channel funds to countries in Central and Eastern Europe (CEE) to help reduce their dependence…

2 years ago

Von der Leyen makes surprise visit to Budapest

European Commission President Ursula von der Leyen paid an unexpected visit to Budapest on Monday evening to discuss the EU’s…

2 years ago

EU offers CEE countries extended deadline for Russian oil embargo

The EU has revised its proposal to ban Russia oil imports by the end of 2022, in order to give…

2 years ago

CEE countries react to EU plan to completely phase out Russian oil

There were mixed messages from Central and Eastern Europe (CEE) on Wednesday, when the European Commission (EC) announced plans for…

2 years ago