Page 25 - European Union

European Union rushes out $300 billion roadmap to ditch Russian energy

The EU's executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin's war in Ukraine, proposing a nearly 300 billion-euro ($315 billion)

UK confirms plan to change N Ireland Protocol amid tensions with EU

The UK announced its plan to introduce legislation to make changes to the Northern Ireland Protocol amid mounting tensions with the European Union (EU) over post-Brexit arrangements.

Oil rises to 7-week high on EU's Russian oil ban effort, demand hopes

The easing of China's COVID-19 lockdowns also supported prices, as investors grew more optimistic about demand from the world's second-largest economy.

Oil hits seven-week high amid EU push for ban on Russian crude imports

LONDON (Reuters) - Oil hit its highest in seven weeks on Tuesday, supported by the European Union's ongoing push for a ban on Russian oil imports that would tighten supply and as investors focused on higher demand from an easing of China's COVID lockdowns.

EU revises growth forecast down to 2.7%, inflation estimate up at 6.1%

Real GDP growth in both the EU and the eurozone is now expected at 2.7 per cent in 2022 and 2.3 per cent in 2023, down from its February forecast of 4.0 per cent in 2022 and 2.8 per cent in 2023

European Union gives companies green light to keep Russian gas flowing

The European Commission sent its revised guidelines to member states on Friday, a spokesperson said on Monday

Ukraine forces push through to Russia border near Kharkiv: Report

On the battlefields near Kharkiv, Ukraine's second-largest city, interior ministry adviser Vadym Denisenko said Ukrainian troops were mounting a counter-offensive

Boris Johnson says UK will act on Northern Ireland rules if EU won't

Voters in Northern Ireland elected a new Assembly this month, in a vote that saw Irish nationalist party Sinn Fein win the most seats

Oil prices slide as investors take profit; supply fear still looms

The European Union aims to agree a phased embargo on Russian oil this month despite concerns about supply in eastern Europe

EU drafts plan for buying fuel from Russia without breach of sanctions

European companies have been scrambling for weeks to figure out how they can meet Moscow's demand and keep the crucial gas flowing without violating sanctions on Russia's central bank

EU envoy to Iran nuclear talks, colleagues detained at German airport

Enrique Mora of Spain, who has long led the EU delegation at the talks in Vienna, said the incident happened Friday morning as he was trying to make a connecting flight from Tehran to Brussels

Trump slams Biden over $40 bn Ukraine aid, urges Europe to do more

Trump said he was able to get European countries to pay their fair share to NATO and the Biden administration should do the same

Blinken to travel to Germany, France to attend NATO, US-EU trade meeting

On May 14, the Secretary will travel to Berlin to attend an informal meeting of NATO Foreign Ministers where Allies and partners will discuss their unified response to Russia's war against Ukraine

Japan, EU agree to step up sanctions on Russia, seek to counter China

Security in Europe and in the Indo-Pacific are inseparable, said Japanese Prime Minister Fumio Kishida

Ukraine blames Russia for gas transit interruption to European consumers

The GSTOU said that it was forced to suspend the Russian gas transit to Europe via the territories in eastern Ukraine controlled by Russian forces due to "force majeure"

Oil eases after surging previously on Russia's sanctions on EU companies

On Wednesday Russia sanctioned 31 companies based in countries that imposed sanctions on Moscow after Russia invaded Ukraine in February

Oil rallies after 10% slide over 2 days as Russia gas flow to Europe falls

Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted use of a major transit route blaming interference by occupying Russian forces.

EU lifts mask requirement for air travel from next week as pandemic ebbs

The European Union will no longer require masks to be worn at airports and on planes starting next week amid the easing of coronavirus restrictions across the bloc, authorities said Wednesday.

Oil prices rise amid looming European Union's ban on Russian supply

(Reuters) -Oil rebounded on Wednesday after plunging nearly 10% over the previous two sessions, buoyed by supply concerns as the European Union works on gaining support for a ban on Russian oil and as major producers warned they may struggle to fill the gap when demand improves.

EU coordinator to meet Iranian leaders in bid to save nuclear deal

EU coordinator Enrique Mora said he'd meet with Iranian negotiator Ali Bagheri Kani during his visit to the Iranian capital