European Union

Gas filling of European storages drops below 50%

Natural gas filling in European underground gas storages (UGS) dropped below 50%, according to Gas Infrastructure Europe (GIE) data. This occurred so early from the year start for the first time during the monitoring period since 2011. …

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EU extends anti-Russia sanctions until July 31 2022

The European Union extended economic sanctions against Russia for another six months. “The Council (of the European Union) decided to prolong the restrictive measures currently targeting specific economic sectors of the Russian …

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Gazprom: gas reserves in European UGS record low

Natural gas reserves in Europe’s underground gas storages (UGS) are at their lowest level during the long-term monitoring period and withdrawals are already above a half of the volume injected last year, Gazprom said on Wednesday. …

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Europe’s healthcare creaks under Omicron’s rapid spread

Europe’s healthcare systems are being strained once again by the rapid spread of the Omicron variant of the coronavirus over the holiday period, with large numbers of key staff ill or self-isolating and experts predicting the peak of infections is yet to come

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EU says ready to help Kazakhstan

The European Union’s foreign policy chief Josep Borrell said that the bloc was ready to support de-escalation and stabilization in Kazakhstan amid unrest across the country. Expressing the EU's "great concern" …

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Europe fears economic hit If Russia sanctioned heavily

Concern among some big European nations about economic fallout raises the risk of a split with the U.S. on how strongly to hit Russia with fresh sanctions, Bloomberg writes citing people familiar with the matter. Western allies are …

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Putin outplays the West

Russian President Vladimir Putin has outplayed the West with a devastating score, - ex-NATO representative in Moscow Harry Tabakh said on the air of the YouTube channel SobiNews. "He got …

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EU top diplomat to pay visit to Ukraine

EU foreign policy chief Josep Borrell will pay a three-day visit to Ukraine this week to show support with Kiev, the European Commission announced. “High Representative/Vice-President Josep Borrell will be traveling to Ukraine on …

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Gas price in Europe up over $900 per 1,000 cubic meters

Gas prices in Europe on Monday rose above $900 per 1,000 cubic meters, according to the data from London’s ICE. The price of January futures on the TTF hub in the Netherlands rose to $933 per 1,000 cubic meters or 79.5 euro per …

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High energy prices to persist In Europe

Europe's energy crunch is far from over, but a flotilla of liquefied natural gas (LNG) tankers from the U.S. are set to resupply the fuel-starved continent. European gas prices fell for the sixth day, the longest decline in more than a …

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Borrell calls Russia's demand to NATO unacceptable

EU foreign policy chief Josep Borrell has called Russia's demands about security guarantees and about stopping the EU and NATO's eastward expansion unacceptable. "Demands about security guarantees and stopping the EU and …

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Europe in search of leader

Angela Merkel’s departure from the political stage after 16 years as chancellor has not only ushered in a new era in Germany but also shaken up the power balance in the EU

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