European leaders formally accept Ukraine’s EU candidacy

EU Commission President Ursula von der Leyen (l) speaks at a joint press conference with Volodymyr Zelenskyy, President of Ukraine. Michael Fischer | Picture Alliance | Getty Images BRUSSELS – Leaders of the European Union on Thursday formally approved Ukraine’s candidate status to join the bloc – the first official step towards full membership. Charles … Read more

Ukraine should become a membership candidate to join the EU, commission says

Flags of European Union and Ukraine flutter outside EU Parliament building, in Brussels, Belgium, February 28, 2022. Yves Herman | Reuters The European Commission on Friday recommended that Ukraine becomes a membership candidate to join the EU – albeit on the understanding that the war-ravaged country carries out a number of important reforms. The opinion … Read more

Why Ukraine membership of the European Union is not easy

Ukraine has requested to become a member of the EU, but the process is likely to take some time and it is unclear if there is broad support to accept several new nations in the bloc. Nurphoto | Nurphoto | Getty Images The European Union could be about to throw its support behind Ukraine becoming … Read more

Volkswagen to prolong coal-fired power as Russia concerns continue

Covering an area of ​​6.5 million square meters, VW’s huge manufacturing facility in Wolfsburg uses two cogeneration plants that provide it with heat and power. Krisztian Bocsi | Bloomberg | Getty Images The CEO of Volkswagen told CNBC Wednesday that the German automotive giant was keeping its options open in terms of how it powers … Read more

Should the West prepare for war with Putin?

When relations between the West and Russia were bad, but not so bad: Russian President Vladimir Putin arrives for the US – Russia Summit in 2021 in Switzerland. Mikhail Svetlov | Getty Images News | Getty Images Saber-rattling and rhetoric between Moscow and the West have become notably more aggressive this week, prompting concerns that … Read more

Europe scrambles for gas solution as Putin squeezes supply

EU Commission President Ursula von der Leyen said this latest aggressive move by Russia is another reminder that we need to work with reliable partners, and build our energy independence. Thierry Monasse | Getty Images News | Getty Images The European Union is racing to find alternative suppliers of natural gas after Russia’s Gazprom cut … Read more

Euro falls on energy supply, slowdown fears, after Gazprom decision

The euro traded almost 0.4% against the US dollar to a level not seen since 2017. This after Gazprom decided to cut gas supplies to Poland and Bulgaria. Kinga Krzeminska | Moment | Getty Images The euro tumbled against the US dollar Wednesday morning as investors grew increasingly concerned with energy supply and a potential … Read more

EU to ban Russian coal imports from August, sources say

A front loader collects a shovel of coal from a pile at the Raspadsky open-pit coal mine, operated by Raspadskaya PJSC, in Mezhdurechensk, Russia, on Friday, Feb. 5, 2021. Andrey Rudakov | Bloomberg | Getty Images The European Union’s proposed ban on coal imports from Russia is not expected to take full effect until August … Read more

EU to pressure China at summit over its stance on Russia-Ukraine war

President of the European Commission Ursula von der Leyen delivers a statement in Brussels. Kenzo Tribouillard | AFP | Getty Images The European Union wants to put pressure on China to be neutral with its stance over Russia’s recent invasion of Ukraine, sources with knowledge of the matter told CNBC ahead of a virtual meeting … Read more

EU pledges to cut Russian gas imports by two-thirds before the end of the year

A driver fills up the tank of his car at the pump of a low-cost Prio Gas Station on the eve of an announced fuel price increase on March 06, 2022, in Portugal. Horacio Villalobos | Corbis News | Getty Images The European Union on Tuesday presented a new plan to reduce its dependence on … Read more