Logo

Logo

European Union

A delicate balancing act

The on-going conflict in Ukraine has sent shockwaves through global energy markets, impacting everything from international relations to commodity prices.

A Fragile Balance

The 2024 UN Framework Convention on Climate Change Conference, usually referred to as Conference of Parties 29 (COP29), will probably be the final opportunity for the international community to accelerate action to tackle the climate crisis.

Oil reprisal

The European Union is poised to tighten its screws on Russia with the decision to impose an embargo on Russian oil after weeks of intensive talks.

Putin’s price

Ratcheting up pressure on Russia’s already battered $ 1.8 trillion economies, the European Commission proposed phasing out supplies of Russian crude oil within six months and refined products by the end of 2022.

Russian ‘blackmail’

A geopolitical conflict has assumed the character of an economic war with the European Union accusing Russia of “blackmail” in the context of Gazprom’s move to halt gas supplies to some European customers.