Tag Archives: EU

Rome, Italy | Xinhua | The decision by the European Union (EU) earlier this week to ban 90 percent of oil imports from Russia by the end of the year is aimed at crimping the Russian economy amid the high-profile crisis in Ukraine. But the move, part of a wider array …

Budapest, Hungary | Xinhua | The European Commission’s proposal to ban the use of oil from Russia in Hungary was rejected, Hungary’s Prime Minister Viktor Orban said early on Tuesday. The Commission’s proposal was “tantamount to dropping a nuclear bomb on Hungary’s economy, but we successfully avoided it,” Orban said in …

Hungary which imports 65 percent of its oil from Russia through the Druzhba pipeline, has asked for an exception from the ban Brussels, Belgium | Xinhua | European Union (EU) leaders gathered in Brussels on Monday for a special meeting that is likely to be overshadowed by disagreement on phasing out …

  Berlin, Germany | Xinhua | German Chancellor Olaf Scholz said on Thursday that there would be no shortcuts to Ukraine’s bid to join the European Union (EU). The European Commission is expected to complete its initial assessment of Ukraine’s EU membership application by the end of June, Scholz said in …

Kampala, Uganda | THE INDEPENDENT | The European Union – EU and the Uganda Development Bank – UDB, have implored operators in the tourism industry to come and finish the remainder of the EU / Uganda Development Bank Tourism Intervention Fund relief package. The bank still holds 44 billion shillings …

New York, U.S. | Xinhua | Oil prices advanced on Friday as concerns over tighter supplies remain on the market. The West Texas Intermediate for June delivery added 4.36 U.S. dollars, or 4.1 percent, to settle at 110.49 dollars a barrel on the New York Mercantile Exchange. Brent crude for July …

Brussels, Belgium | Xinhua | French President Emmanuel Macron believes that a “European political community” should be built that would be broader than the European Union (EU) and would include non-EU nations. He outlined his vision in a speech to the European Parliament in Strasbourg on Monday. “How should we organize …

Rome, Italy | Xinhua | European Commission President Ursula von der Leyen said on Wednesday that the European Union (EU) will phase out Russian supply of crude oil within six months and refined products by the end of the year. However, Italy-based analysts said the move — if adopted — would …

Brussels, Belgium | Xinhua | The European Union (EU) will phase out Russian crude oil within six months and refined products by the end of the year, European Commission President Ursula von der Leyen said Wednesday, announcing the sixth package of sanctions against Russia. “We now propose a ban on Russian …

  Brussels, Belgium | Xinhua |  The European Council said Saturday that it has reached a provisional political agreement with the European Parliament on a new legislation to combat hate speech, disinformation and other harmful content online. The legislation, named the Digital Services Act (DSA), “aims to protect the digital …