About: EU sanctions

Highly awaited LNG plant in Norway restarts after fire

Norway's sole liquefied natural gas (LNG) unit has been restarted after a 2020 fire and will soon begin production, energy company Equinor said Friday (27 May), a move expected to help increase exports to Europe.
Global Europe 27-05-2022

Zelenskyy loses patience with EU divisions over new Russia sanctions

Ukrainian President Volodymyr Zelenskiy on Thursday (26 May) denounced divisions inside the European Union over more sanctions against Russia and asked why some nations were being allowed to block the plan.
Global Europe 25-05-2022

EU cracks over Ukraine widen ahead of summit as Italy, Hungary urge truce

Italy and Hungary have urged the EU to call for a ceasefire in Ukraine and peace talks with Russia, putting themselves at odds with other member states determined to take a hard line with Moscow ahead of next week's summit.
Global Europe 25-05-2022

Donbas fighting rages as Russia eyes prolonged war in Ukraine

Russia signalled on Tuesday (24 May) it was bedding in for a long war in Ukraine as the conflict entered its fourth month with heavy fighting in the east but signs of some normality returning elsewhere.
Europe's East 25-05-2022

EU to unveil plans for seizing Russian assets frozen by sanctions

The Commission is set to unveil plans on 25 May which will make it easier to confiscate frozen assets linked to serious illegal activities and suspected criminals, including those evading EU sanctions against Russia, according to documents seen by EURACTIV.
Global Europe 24-05-2022

EU oil embargo ‘in days’ as Ukraine isolation drives Russia closer to China

The EU will likely agree an embargo on Russian oil imports "within days," according to Germany, as Moscow said it saw its economic ties growing with China after being isolated by the West over its invasion of Ukraine.
Energy 21-05-2022

Germany and Italy approved Russian gas payments after nod from Brussels

Germany and Italy told companies they could open ruble accounts to keep buying Russian gas without breaching sanctions against Moscow following discussions with the European Union, sources said.
Politics 18-05-2022

EU Parliament threatens Schröder with sanctions for ties with Russia

The European Parliament is increasing its pressure on former German chancellor Gerhard Schröder, threatening him with sanctions if he refuses to resign from his posts in Russian companies, a joint draft motion, seen by EURACTIV, suggests.
Eastern Europe 17-05-2022

Germany open to Russian Central Bank asset seizure to finance Ukraine’s recovery

German finance minister Christian Lindner has indicated his support for the idea of seizing foreign assets held by the Russian central bank to rebuild Ukraine following the war.
Europe's East 17-05-2022

EU reputation at stake as Hungary continues to block Russia sanctions

The EU has not found consensus on the new sanction package against Russia and an agreement could be still 'a week or two' away, EU's chief diplomat Josep Borrell said on 17 May, as Hungary said it would not lift its veto.
Global Europe 06-05-2022

EU tweaks Russia oil sanctions plan in bid to win over reluctant states

The European Commission has proposed changes to its planned embargo on Russian oil to give Hungary, Slovakia and the Czech Republic more time to prepare for the shift in their energy supplies, three EU sources said on Friday (6 May).
Global Europe 28-04-2022

Putin warns West of lightning retaliation; sanctions batter Russian economy

Russian President Vladimir Putin warned of lightning-fast retaliation if countries interfere in Ukraine as European leaders accused Russia of "blackmail" over its cuts to gas supplies.
Europe's East 27-04-2022

EU inches forward on Russian oil ban as Germany, Hungary soften opposition

The two main opponents to a ban on Russian oil imports, Germany and Hungary, have softened their opposition to the move. EURACTIV looks at the options on the table and the state of play.
Energy 26-04-2022

Industry boss: ‘Without Russian gas, we are probably in the worst situation we’ve ever been’

European gas infrastructure operators are preparing for all scenarios in the coming winter, including one “with no Russian gas at all” and supply cuts for consumers, says Torben Brabo.
Global Europe 22-04-2022

EU chief assumes Putin is disinformed about the war

European Council President Charles Michel made an effort to open Russian President Vladimir Putin's eyes to his country's losses in Ukraine and to the effect of sanctions in a phone call on Friday (22 April).
Europe's East 21-04-2022

Europe must play its key role in starving the Russian war machine

According to some estimates, switching off the Russian oil and gas pump for just two months may be sufficient to starve the war machine of resources and force Russia to abandon its aggressive war, writes Kateryna Markevych.
Europe's East 20-04-2022

MEPs, Ukraine representatives call for oil embargo and broader sanctions

EU sanctions have failed to deter Russia, MEPs of the foreign affairs committee said on Wednesday (20 April). They asked the EU and member states to impose an immediate oil embargo on Russia and give financial assistance to Ukraine.
Europe's East 20-04-2022

‘History will not forget war crimes’ in Ukraine: EU chief

EU chief Charles Michel said Wednesday (20 April) that there must be justice for war crimes committed in Ukraine as he toured the devastated town of Borodianka on a visit to the country.
Economy & Jobs 20-04-2022

How Russia can avert sovereign default and why it might not care

The Russian government has enough funds to prevent a default on its sovereign debt. However, it is unclear whether Moscow has much interest in preventing a default and creditors may have a hard time getting at Russian assets to compensate for their loss.
Global Europe 20-04-2022

Greece impounds Russian tanker as part of EU sanctions against Russia

Greece has impounded a Russian oil tanker off the island of Evia, the Greek coastguard said on Tuesday (19 April), as part of European Union sanctions imposed on Moscow over its invasion of Ukraine.
Global Europe 14-04-2022

German economic institutes see sharp recession if Russian gas cut off

Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country's leading economic institutes said on Wednesday, and the government said the war in Ukraine poses "substantial risks" for Europe's largest economy.
Europe's East 08-04-2022

EU approves Russia coal embargo, but already looks beyond

EU member states on Thursday (7 April) green-lighted an embargo on Russian coal and the closing of the bloc's ports to Russian vessels over Moscow's war in Ukraine, but attention has already shifted to who may stand in the way of possible future energy sanctions.
Europe's East 05-04-2022

Next EU sanctions against Russia to target coal imports, shipping and road transport

A set of sweeping new sanctions against Russia, including banning imports of coal, was proposed by the European Commission on Tuesday (5 April) in a first attempt at curbing Moscow’s energy exports. The proposal will be considered by EU member...
Europe's East 04-04-2022

‘The ashes of Bucha are burning in our hearts’

After the massacre of Ukrainian population in Bucha, Irpin, Vorzel, Chernihiv, Kharkiv and Mariupil, the EU should completely disconnect Russia from SWIFT, close all their ports to Russian ships, froze and seize all the Russian assets, and charge Putin as war criminal, writes Roman Rukomeda.