Browsing: Brussels

The European Commission plans a new round of sanctions against Russia, including a proposed ban on maritime services for vessels carrying Russian oil, as officials consult G7 partners. This development comes as the war nears its fourth year, impacting energy revenues and sanctions enforcement.

European officials, including Latvia’s Prime Minister Evika Silina, have urged for accelerated negotiations on a free-trade agreement with Gulf nations to diversify trade amid US tariffs and increasing Chinese exports. Talks aim to enhance business ties and energy cooperation.

The European Commission has proposed a new round of sanctions against Russia, aiming to weaken its war economy, according to Commission President Ursula von der Leyen. The plan includes a full ban on maritime services linked to Russian crude oil, aiming to increase pressure on Moscow ahead of the war’s fourth anniversary.

European Commission President Ursula von der Leyen announced the EU-INC initiative at the World Economic Forum, aimed at simplifying company formation across the EU. The proposal seeks to eliminate legal fragmentation, allowing startups to operate under a single online system by 2027.

Lawmakers at the European Parliament are struggling to agree on the design of the digital euro, jeopardising its legislative path. Rapporteur Fernando Navarrete proposed an offline “e-cash” model, while some factions back user accounts on the ECB ledger. S&D’s Nikos Papandreou emphasised the need for payment sovereignty amid geopolitical change.