Tag: European Union

“EU will never recognize illegal referendums and their falsified result”
European Union, Ukraine

“EU will never recognize illegal referendums and their falsified result”

Borrell accused Russia of wanting to "change Ukraine's internationally recognized borders by force, in clear and serious violation of the Charter of the United Nations." “The EU does not and will never recognize these illegal 'referendums' and their falsified outcome, nor any decision taken on the basis of this outcome and urges all UN members to do the same,” Borrell said in a statement on behalf of the 27. The official also accused Russia of wanting to "change Ukraine's internationally recognized borders by force, in clear and serious violation of the United Nations Charter". “The result is null and cannot produce any legal effect”, he stressed. Referendums, Borrell added, "have no legitimacy and blatantly violate international law and Russia's international obligations." Referendu...
Norway prepares to limit gas sales to the EU and worsens energy crisis
Norway

Norway prepares to limit gas sales to the EU and worsens energy crisis

The Norwegian government has announced that it is planning to reduce energy exports to European Union countries. As one of the continent's main electricity providers, Oslo's retreat will further exacerbate the energy crisis that has intensified since Russia invaded Ukraine on 24 February. This Monday, the Norwegian Minister of Energy, Terje Aasland, said that the country will give priority to the security of its own energy reserves, which, if they fall below the minimum levels established, will lead Norway to suspend the sending of energy abroad. Norway produces much of its electricity through hydroelectric power plants, so if water levels fall below normal levels, the country will trigger a cut in exports, a possible scenario given that in the spring it rained less than anticipated, a...
Official: Strategy for cutting gas consumption has already been published in the Journal of the EU
European Union

Official: Strategy for cutting gas consumption has already been published in the Journal of the EU

The regulation was published this Monday, establishing the strategy to reduce gas consumption by up to 15% in the European Union until March 31, 2023. As of tomorrow, August 9, Member States will have to start tightening the “energy belt” to ensure that Europe has enough gas reserves to face the coming winter. The text determining the standards for saving gas in the European Union was published in the Official Journal of the EU and enters into force the next day, that is, tomorrow. The proposal was approved by the European Council, with 25 votes in favor and two against (Hungary and Poland), after the first version of the plan put forward by the European Commission under Ursula von der Leyen was strongly criticized by a majority of States. members, who accused the initial strategy of b...
‘Night Wolves’, pro-Putin biker group sanctioned by the European Union
Russia

‘Night Wolves’, pro-Putin biker group sanctioned by the European Union

The 'Night Wolves' were considered by the European Commission as a “nationalist motorcycle club” that has been “actively involved” in Russia's military campaign against Ukraine. The new package of European Union (EU) sanctions applied to Russia, adopted this week, includes restrictive measures on an additional 54 individuals and 10 entities for their involvement in the Russian invasion of Ukraine. Among those sanctioned is the biker group 'Night Wolves' and four of its leaders. The US magazine Fortune describes the club as "a gang of rowdy Hell's Angels-type bikers with a long history of supporting Russian President Vladimir Putin". According to the publication, in 2018 the group had more than 5,000 members spread across 45 branches in several countries, including Ramzan Kadyrov, lead...
Area burned in the EU in 2022 is higher than in the whole of last year
European Union

Area burned in the EU in 2022 is higher than in the whole of last year

The area burned by forest fires in Europe since the beginning of the year, particularly in the western part affected by heat waves, is already greater than in 2021, said the European Forest Fire Information System (EFFIS). In the 27 countries of the European Union, since the beginning of the year, fires have burned a total of 517,881 hectares, or just over 5,000 square kilometers, which is equivalent to the surface of the islands of Trinidad and Tobago, in the Caribbean. Last year, despite numerous fires in Italy and Greece, 470,359 hectares burned in European Union countries, according to data compiled by the European monitoring service EFFIS. If the trend continues, 2022 could equal or even exceed the values ​​of 2017, which was the worst year recorded so far in terms of fires in th...
Mario Draghi has already handed in his resignation to the president of Italy
Italy

Mario Draghi has already handed in his resignation to the president of Italy

Italians will go to vote in October. Italian Prime Minister Mario Draghi has already handed over his resignation to the President of Italy. The announcement was made in an official statement, quoted by Reuters, after, this morning, in the Italian parliament, Draghi had announced that he would communicate his final decision to Sergio Mattarella, although without saying which one. Mattarella reportedly asked him to remain in office, but it has not been confirmed whether or not parliament will be dissolved or when early elections will be held. The governor appeared this Thursday at the Chamber of Deputies, where he thanked and received great applause. Then, visibly moved, he said: "Sometimes even the bankers' hearts beat...", said the former governor of the European Central Bank, remembe...
Total EU population drops to 446.8 million due to pandemic
European Union, Europe

Total EU population drops to 446.8 million due to pandemic

  The total population of the European Union (EU) has fallen again this year, to 446.8 million people, announced today by the community statistical service, Eurostat, attributing the reduction to the covid-19 pandemic. In a publication on World Population Day, which is celebrated today, Eurostat discloses that "after a first decline in population growth in 2020 due to the impact of the covid-19 pandemic, the EU population decreased again in 2021, from 447 million on January 1, 2021, to 446.8 million on January 1, 2022". According to the European statistical service, there was also, for the second consecutive year, a situation of negative natural change, with more deaths than births, "most likely due to the impact of the pandemic". Thus, the first estimate for this year indicates t...
Brussels and Washington pressure North Macedonia to unlock EU membership
European Union, North Macedonia

Brussels and Washington pressure North Macedonia to unlock EU membership

The European Union (EU) and the United States said today that the future decision of the Parliament of North Macedonia on the compromise proposal promoted by France to unblock negotiations on accession to the community is "important". In a joint statement, the European Union's High Representative for Foreign Policy, Josep Borrell, and the US Secretary of State, Antony Blinken, considered the approval by the Parliament of North Macedonia of the compromise proposal as a "key piece". , so that this country and Albania collaborate in the effort "to strengthen the cohesion and resistance of the entire European continent". "Both countries are ready to take the next step towards EU membership. We welcome a compromise proposal that takes into account the interests and concerns of North Macedonia...
The euro is almost equal to the dollar. What does this change in your life?
United States, America, Europe, European Union

The euro is almost equal to the dollar. What does this change in your life?

At this stage, the euro is worth around 1.02 dollars. Experts believe that the parity between the two currencies will be a matter of days, at the latest in August. There is good news and bad news in this scenario, where Europe is more attractive to North Americans. But the cost of fuel, for example, could rise even further. The bad part Imports: Everything imported in dollars is more expensive, including fuel. In other words, the devaluation of the euro should make the fuel bill for families even heavier, since barrels of oil – from which diesel and gasoline are produced – are traded in dollars. With the weak euro, the loss of purchasing power could also be felt on the supermarket bill: wheat, from which the flour used in bread is produced, is one of the raw materials that use the dollar...
Euro accelerates fall and approaches parity against the dollar
United States, European Union

Euro accelerates fall and approaches parity against the dollar

The euro's fall accelerated today, with the currency falling below USD 1.01 for the first time since late 2002, affected by concerns over the old continent's economy. At around 09:35 in Lisbon, the euro dropped 0.49% to USD 1.0110, after having dropped to USD 1.0072 earlier. "Natural gas will drive the euro below par, regardless of the European Central Bank's (ECB) reaction," said Derek Halpenny, an analyst at MUFG, quoted by AFP. Buoyed by the disruption to Russian exports, gas prices on Thursday hit the highest level in Europe since March and the invasion of Ukraine. The prospect of a gas shortage in the eurozone is driving investors away from the single currency. And given the shock to economic activity, this would represent, the ECB is currently reluctant to raise rates too quic...