Imagine holding billions of dollars in frozen assets, but not knowing what will happen if they’re taken away. That’s exactly the challenge facing Euroclear, a Belgium-based financial giant that’s sitting on nearly €197 billion ($213 billion) of Russian assets frozen under EU sanctions. These assets, belonging to Russia’s central bank,
The European Union (EU) is pushing the United States to ease sanctions on Gazprombank, a major Russian bank that was crucial for the EU’s energy needs. Up until recently, EU countries used Gazprombank to pay for Russian natural gas, but things have changed, and now the EU is in talks
A Georgian journalist was injured in a dramatic and chaotic scene during ongoing protests in Tbilisi. The protests, led by pro-EU opposition supporters, turned violent when a masked demonstrator fired fireworks from a homemade “bazooka” at police. One of these makeshift rockets hit Beso Gaprindashvili, a camera operator for the
The European Union (EU) has decided to end its long-standing fishing agreement with Senegal, bringing European fishing boats back to their own waters. The announcement, made by the EU’s delegation in Senegal’s capital, Dakar, has sparked conversations about illegal fishing, marine conservation, and local livelihoods. Why Is the EU Ending
As Donald Trump eyes a return to the White House, Europe braces itself for what many analysts predict could be a rough period in US-European relations. Trump’s first term caused one of the deepest divides between the US and Europe since World War II, and many believe a second term
China has filed an official complaint against the European Union (EU) at the World Trade Organization (WTO) over new tariffs placed on electric vehicles (EVs) made in China. This dispute, now set to play out on the global stage, could have big consequences for the world’s EV industry and the
A recent report from the European Union (EU) has sparked a lot of discussion about creating a new intelligence agency to help coordinate the secret activities of EU member countries. This idea comes from Sauli Niinisto, a former president of Finland, who wants the European Commission President, Ursula von der
In her latest report, Ursula von der Leyen, the President of the European Commission, has put forward an exciting idea: she wants the European Union (EU) to establish a brand-new intelligence agency to help deal with threats from outside the EU. This proposal has sparked a lot of discussion and
In the fall of 2023, the European Union (EU) began rolling out a new plan called the Carbon Border Adjustment Mechanism (CBAM). This system is designed to tackle climate change by targeting carbon emissions linked to goods imported from countries with weaker environmental regulations. The EU wants to ensure that
