Year: 2026

Moldovan oligarch Vladimir Plahotniuc has been sentenced to 19 years in prison for his involvement in the disappearance of $1 billion from the country’s banking system in 2014. The court also ordered the seizure of approximately $60 million from his accounts. Plahotniuc denies the charges and plans to appeal.

The Strait of Hormuz blockade poses a significant energy challenge for European governments, prompting urgent calls for demand reduction instead of blanket measures. National responses largely fail to meet the European Central Bank’s criteria, risking prolonged economic turmoil and ineffective financial aid.

European transport ministers are considering importing jet fuel from alternative sources, including the United States, amid potential shortages caused by disruptions in the Middle East. Transport Commissioner Apostolos Tzitzikostas confirmed this development as airlines warned of possible flight cancellations linked to supply issues.

Spain, Ireland and Slovenia’s proposal to suspend the EU–Israel Association Agreement over alleged war crimes in Lebanon and Palestine did not gain enough backing from EU foreign ministers. Nonetheless, a related initiative regarding settlement goods will be forwarded to the European Commission for consideration.