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eu

NEW SANCTIONS WAR: EU Imposes Sanctions on Russians, Chinese, North Koreans For ‘Cyber Attacks’, Russia Responds Tit-For-Tat

BRUSSELS/MOSCOW – The EU approved restrictions against structures and citizens of Russia, China and North Korea for alleged “cyber attack activities”. The sanctions are imposed in the framework established a year ago but never applied before allowing the EU to impose targeted restrictive measures to “deter and respond to cyberattacks”, reads the EU Official Journal, […]

MOSCOW: We Couldn’t Care Less About G7

MOSCOW – Russian President Vladimir Putin has not put forward any initiatives related to joining the G7, and the country does not actually seek to become a member of the group, Kremlin Spokesman Dmitry Peskov said on Monday, commenting on German Foreign Minister Heiko Maas’ fresh statement against Russia’s reincorporation into the format. “President Putin […]

US Intensifies Pressure, Expands Sanctions on European Contractors of Nord Stream 2

WASHINGTON, D.C. – The United States authorities have intensified pressure on European contractors of construction of the Nord Stream 2 gas pipeline recently, threatening with “far-reaching” consequences if they continue cooperating with the project, the German Die Welt paper wrote on Saturday with reference to sources. The United States authorities have started holding bilateral talks […]

REPORT: No-Deal Brexit Now ‘Almost Certain’

LONDON/BRUSSELS – The UK government and the EU will fail to sign a post-Brexit trade deal, with only a few days left before Prime Minister Boris Johnson’s July deadline, due to deadlock on a number of key issues, according to a report. Ministers are working on the assumption that there will not be a deal, […]

MAJOR: US Expands Sanctions on Both Russian Pipeline Projects

MOSCOW – The US’ decision to remove sanctions exemption for the two pipelines under construction to deliver gas to Europe and Turkey is a textbook example of unfair competition through political means, Moscow announced. The move, which allows the further sanctioning of Russian natural gas projects, has clearly shown the weakness of the American system, […]

MAJOR: UK Opts Out of EU COVID-19 Vaccine Program

LONDON/BRUSSELS – The UK government has rejected the chance to join the European Union’s coronavirus vaccine program due to concerns over “costly delays”, according to sources. The EU is planning to spend around €2bln (£1.8bln) on the advance purchase of vaccines that are undergoing testing on behalf of the 27 member states. Negotiations with Brussels […]

EU FORECAST: Eurozone Economy to Crash Almost 10% in 2020

BRUSSELS – The eurozone economy will plunge at least 8.7% in 2020 due to the COVID-19 lockdown, the European Commission said on Tuesday in more pessimistic forecasts that do not see a complete rebound next year. The new forecasts see the eurozone economy bouncing back by 6.1% in 2021, still leaving the region worse off […]

MERKEL: ‘US No Longer A World Leader’

BERLIN – The rest of the world can no longer take it for granted that the US still aspires to be a global leader and needs to readjust its priorities accordingly, German chancellor Angela Merkel warned. “We grew up in the certain knowledge that the United States wanted to be a world power,” the German […]

REPORT: Global Economy Lost at Least $126 bln Due to Lockdown

Geneva, Switzerland – A new survey conducted by the International Trade Center (ITC) found that international trade dropped across all four quarters of 2019, with declines intensifying in early 2020 in a “ripple effect that started in China”. According to the report, Chinese exports sank around 21 percent in February compared with a year earlier. […]