VERSAILLES, France—The European Union is ready to impose even harsher economic sanctions on Russia and might give Ukraine more funds for arms to fight Moscow’s invasion, leaders decided in two days of talks in France, but drew a line on allowing Kyiv rapid access to the bloc. Ukraine, a former Soviet republic that has sought…
EU Eyes More Russia Sanctions, Denies Ukraine Quick Membership
March 11, 2022
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China Won’t Dare to Rupture Relations with US, Europe Over Russia-Ukraine Conflict, Economists Say
March 9, 2022
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Although China and Russia have announced a “no limits” partnership, with “no forbidden areas of cooperation,” Beijing is unlikely to do anything to jeopardize its economic relationship with Europe and the United States, economists say, citing that China has long benefited from global integration and seeks to maintain the world economic order from which it…
EU Announces New ‘Massive’ Sanctions on Russia, Targets 70 Percent of Banking Market
The European Union, at an emergency overnight summit, approved a package of “massive and targeted” sanctions on Russia. The move comes after Russia mounted an invasion and attack on Ukraine on Thursday via land, air, and sea, after Russian President Vladimir Putin announced a “special military operation.” As of late Thursday, at least 137 people…
European Inflation Spikes in January Amidst Soaring Energy Prices
The rate of inflation in the euro area* increased in January, driven by a surge in energy prices, with the ongoing Russia–Ukraine conflict threatening to drive it up even further. For the first month of 2022, the annual inflation rate was 5.1 percent, up from 5 percent in December, according to a Feb. 23 report…
EU Can Withhold Funds From Hungary, Poland, Top Court Rules
BRUSSELS—The European Union’s highest court said Wednesday that the 27-nation bloc can suspend support payments to member states if they breach rule of law principles. The right-wing governments of Hungary and Poland, which had challenged the EU’s right to take such action, responded by arguing that the rule lacked a proper legal basis and would…
European Medicines Agency Investigating Reports of Post-Vaccination Menstrual Changes
The European Union’s health agency on Feb. 11 said is it investigating reports of certain COVID-19 vaccines being linked to menstrual cycle changes. The safety committee of the European Medicines Agency (EMA) has launched “an in-depth evaluation of all available data, including reports from spontaneous reporting systems, clinical trials and the published literature.” Several recent studies…
Europe to See Slower Growth For Two Years, Inflationary Pressures to Persist
The European Commission has released its Winter 2022 Economic Forecast for this year and the next, predicting a slower pace of growth when compared to 2021 due to high energy costs, supply chain issues, and the disruptions from COVID-19. Last year, the European Union’s (EU) economy expanded by 5.3 percent. For 2022, the commission expects…
Europe’s Self-Made Energy Crisis
Commentary The European energy crisis is poised to go from very bad to unimaginably worse. While all eyes are on Ukraine and Russia, Europe’s energy woes are largely self-made, not due to outside forces. Europe has made its own bed, disassembling dispatchable fuel diversity by closing well-operating coal and nuclear power plants. In doing so…
UK to Launch Brexit Freedoms Bill to Speed up Removal of EU Law
British Prime Minister Boris Johnson has set out plans for a “Brexit freedoms” bill to end the special status of EU law and enable the government to amend or remove outdated EU law more easily. On the two-year anniversary of the UK’s departure from the European Union, Downing Street unveiled plans it says will ease…
EU Defends Lithuania in WTO Action Against China Over Taiwan Dispute
January 27, 2022
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The European Union filed a complaint on Jan. 27 in the World Trade Organization (WTO) against communist China over discriminatory trade practices on behalf of its member state, Lithuania, regarding its relationship with Taiwan. The move comes after China has launched what has come to be a literal economic embargo and a restriction of services…
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