Connect with us

EU

Minister calls for Magnitsky-type sanctions in response to Russia's detention of Navalny

Published

on

European foreign ministers meeting today (25 January) will discuss the situation in Russia. Arriving at the meeting, Lithuanian Foreign Affairs Minister Gabrielius Landsbergis said that the EU needed to send a clear and decisive message that the arrest of Navalny and the detentions following Saturday’s (23 January) demonstrations in Russia are not acceptable. Landsbergis calls for the use of the Global ‘Magnitsky’ type sanctions. 

The EU has already condemned the detention of the Russian opposition politician Alexei Navalny upon his return to Moscow (17 January) and called for his immediate release - as well, as the release of journalists and citizens who were detalined on Mr Navalny’s return to Russia. The EU has also called out the politicization of the judiciary in Russia. 

Advertisement

Advertisement

The European Union has already condemned the assassination attempt, through poisoning using a military chemical nerve agent of the Novichok group, on Alexei Navalny, to which it responded by imposing restrictive measures on six individuals and one entity. The EU has called upon the Russian authorities to urgently investigate the assassination attempt on Navalny in full transparency and without further delay, and to fully cooperate with the Organization for the Prohibition of Chemical Weapons (OPCW) to ensure an impartial international investigation.

It appears that the EU will request the immediate release of Navalny and others, before a possible visit of the EU High Representative Josep Borrell to Russia before imposing sanctions.

European Central Bank (ECB)

ECB's Lagarde keeps door open to higher inflation

Published

on

By

Inflation in the eurozone could exceed the European Central Bank's already raised projections but there are few signs of this already happening, ECB President Christine Lagarde (pictured) said on Monday (27 September), writes Balazs Koranyi, Reuters.

"While inflation could prove weaker than foreseen if economic activity were to be affected by a renewed tightening of restrictions, there are some factors that could lead to stronger price pressures than are currently expected," she told lawmakers at the European Parliament.

"But we are seeing limited signs of this risk so far, which means that our baseline scenario continues to foresee inflation remaining below our target over the medium term," she added.

Advertisement

Continue Reading

European Commission

NextGenerationEU: European Commission disburses €231 million in pre-financing to Slovenia

Published

on

The European Commission has disbursed €231 million to Slovenia in pre-financing, equivalent to 13% of the country's grant allocation under the Recovery and Resilience Facility (RRF). The pre-financing payment will help to kick-start the implementation of the crucial investment and reform measures outlined in Slovenia's recovery and resilience plan. The Commission will authorise further disbursements based on the implementation of the investments and reforms outlined in Slovenia's recovery and resilience plan.

The country is set to receive €2.5 billion in total, consisting of €1.8bn in grants and €705m in loans, over the lifetime of its plan. Today's disbursement follows the recent successful implementation of the first borrowing operations under NextGenerationEU. By the end of the year, the Commission intends to raise up to a total of €80 billion in long-term funding, to be complemented by short-term EU-Bills, to fund the first planned disbursements to member states under NextGenerationEU.

The RRF is at the heart of NextGenerationEU which will provide €800bn (in current prices) to support investments and reforms across member states. The Slovenian plan is part of the unprecedented EU response to emerge stronger from the COVID-19 crisis, fostering the green and digital transitions and strengthening resilience and cohesion in our societies. A press release is available online.

Advertisement

Continue Reading

Cyprus

NextGenerationEU: European Commission disburses €157 million in pre-financing to Cyprus

Published

on

The European Commission has disbursed €157 million to Cyprus in pre-financing, equivalent to 13% of the country's financial allocation under the Recovery and Resilience Facility (RRF). The pre-financing payment will help to kick-start the implementation of the crucial investment and reform measures outlined in Cyprus' recovery and resilience plan. The Commission will authorise further disbursements based on the implementation of the investments and reforms outlined in Cyprus' recovery and resilience plan.

The country is set to receive €1.2 billion in total over the lifetime of its plan, with €1 billion provided in grants and €200m in loans. Today's disbursement follows the recent successful implementation of the first borrowing operations under NextGenerationEU. By the end of the year, the Commission intends to raise up to a total of €80bn in long-term funding, to be complemented by short-term EU-Bills, to fund the first planned disbursements to member states under NextGenerationEU. Part of NextGenerationEU, the RRF will provide €723.8bn (in current prices) to support investments and reforms across member states.

The Cypriot plan is part of the unprecedented EU response to emerge stronger from the COVID-19 crisis, fostering the green and digital transitions and strengthening resilience and cohesion in our societies. A press release is available online.

Advertisement

Continue Reading
Advertisement
Advertisement
Advertisement

Trending