Browsing: EU

The German economy is in for a difficult year after contracting in the final quarter of 2023, as inflation and high interest rates continue to weigh on the industry, Bloomberg reported this week, citing analysts.

The EU is unlikely to introduce a complete ban on imports of aluminum from Russia as part of its upcoming sanctions package marking two years since the beginning of Moscow’s military operation in Ukraine, Politico reported on Monday, citing diplomats.

The sanctions imposed by the EU on Russia are “weak,” Agiya Zagrebelskaya, the head of the sanctions department at Ukraine’s National Agency on Corruption Prevention (NCPA), has told the media outlet EUObserver, adding that she does not believe the bloc is capable of tightening restrictions in the future.