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Russia and the EU

Latest business news about Russia and the European Union.

EU to increase tariffs on imported grain products from Russia, Belarus 25 March 2024, 19:05 CET
The EU Commission proposed Friday to increase tariffs on imports into the EU of cereals, oilseeds, and derived products from Russia and Belarus, including wheat, maize, and sunflower meal.

EU adopts 13th package of sanctions against Russia 26 February 2024, 23:18 CET
Two years on from Russia's brutal invasion of Ukraine, the EU adopted Friday its thirteenth package of sanctions against Putin’s regime, those responsible for perpetuating its war and those lending it their support.

EU-Russia trade remains at low levels 22 February 2024, 23:59 CET
EU trade with Russia has been strongly affected by import and export restrictions imposed following Russia's invasion of Ukraine, dropping considerably below levels prior to the invasion, Eurostat reports.

EU renews economic sanctions against Russia for 6 more months 29 January 2024, 23:02 CET
The EU Council renewed its restrictive measures against Russia for a further 6 months Monday, until 31 July 2024, in view of the country's continuing actions destabilising the situation in Ukraine.

EU tightens sanctions against Russia over Ukraine 18 December 2023, 23:07 CET
The European Union adopted Monday its 12th package of sanctions against Russia, following its illegal war against Ukraine, including additional import and export bans, abd closing sanctions loopholes.

Russia's share in EU trade falls below 2 pct 05 September 2023, 23:25 CET
EU trade with Russia has been strongly affected by import and export restrictions imposed by the EU following Russia's invasion of Ukraine, the EU's statistical office reported on Friday.

EU tightens Belarus sanctions over support for Russian invasion of Ukraine 03 August 2023, 23:48 CET
The EU agreed further sanctions against Belarus Thursday over its involvement in Russia's invasion of Ukraine, helping to ensure Russian sanctions cannot be circumvented through Belarus.

EU strengthens sanctions against Russia for illegal Ukraine war 23 June 2023, 18:11 CET
The European Union continued its drive to erode Putin's war machine and revenues Friday with an 11th package of sanctions including new tools to counter circumvention and information warfare.

11th package of restrictive measures against Russia - guide 23 June 2023, 17:40 CET
The EU Council adopted on 23 June an 11th package of sanctions against Russia. This package is aimed at ensuring that EU sanctions against Russia are even better enforced and implemented, based on lessons learned from implementation over the past year.

Commission launches first EU tender for 11.6bcm joint gas purchases 11 May 2023, 01:44 CET
The EU Commission launched an international tender for joint purchasing of EU gas supplies Wednesday, leveraging the EU's collective economic weight through its 'AggregateEU' mechanism.

EU imposes tenth package of sanctions on Russia 27 February 2023, 19:22 CET
On the one-year anniversary of Russia's full-scale invasion and brutal military aggression against Ukraine, the EU Council on Saturday imposed its 10th package of sanctions on Russia.

EU set to hit Russia, Iran with new sanctions 15 February 2023, 22:43 CET
The EU signalled a 10th package of sanctions on Russia Wednesday, with export bans worth more than EUR 11 billion and controls on electronic components used in Russian weapons systems.

Russia, British Virgin Islands added to EU tax haven blacklist 14 February 2023, 23:20 CET
The EU on Tuesday added Russia and the British Virgin Islands, as well as Costa Rica and Marshall Islands, to the EU's list of non-cooperative jurisdictions for tax purposes.

Russia "a grave threat to the European way of life": Zelensky 09 February 2023, 23:27 CET
Russia is trying to annihilate not only sovereign Ukraine, but also the European "way of life", Ukraine's president Zelensky told the European Parliament at an extraordinary plenary session Thursday.

EU and G7 set price cap on Russian petroleum products 08 February 2023, 22:22 CET
The EU - together with the G7+ Price Cap Coalition - on Saturday adopted further price caps for seaborne petroleum products (such as diesel and fuel oil) originating in, or exported from Russia.

Ukraine: Commission proposes to criminalise sanctions violations 02 December 2022, 21:07 CET
As Russia continues its aggression on Ukraine, the European Union put forward Friday a proposal to harmonise criminal offences and penalties for the violation of EU restrictive measures.

Commission proposal to criminalise evasion of EU sanctions - guide 02 December 2022, 20:53 CET
The European Commission put forward on 2 December a proposal to harmonise criminal offences and penalties for the violation of EU restrictive measures.

EU weighs up options for Russia to pay for its crimes 30 November 2022, 23:16 CET
The European Commission presented the EU Council with a number of options Wednesday to make sure Russia is held accountable for the atrocities and crimes committed during its war in Ukraine.

Russia a state sponsor of terrorism: EU Parliament 23 November 2022, 18:00 CET
Following atrocities carried out by Vladimir Putin’s regime against Ukrainian civilians, MEPs said Wednesday war crimes and use of 'means of terrorism' meant Russia was now a state sponsor of terrorism.

High energy prices, inflation from Russia's war take toll on Europe's economy 14 November 2022, 17:51 CET
The EU's economy faces a weaker outlook in 2023, says its autumn economic forecast, as it reels from soaring energy prices and rampant inflation caused by Russia's war of aggression against Ukraine.

EU steps up Russia sanctions with price cap on Russian oil 06 October 2022, 18:42 CET
Responding to to Russia's escalation of its war of aggression against Ukraine and illegal annexation of four of its regions, the EU imposed Thursday a new package of economic and individual sanctions.

New EU sanctions to target Russian trade 29 September 2022, 22:56 CET
Following recent escalation of Russia's invasion of Ukraine, and its 'sham referenda' to facilitate annexation of occupied territories, the Commission presented Wednesday a new package of sanctions.

EU plans new sanctions in response to Russia's illegal 'referenda' 22 September 2022, 22:56 CET
The EU signalled additional sanctions against Russia Thursday in response to Russian plans for illegal 'referenda' in occupied areas of Ukraine, partial mobilisation and threats of nuclear conflict.

EU targets 15 pct reduction in gas use by next spring 23 July 2022, 00:11 CET
With Europe facing the risk of further gas supply cuts by Russia, the European Commission put forward Wednesday a European Gas Demand Reduction Plan to reduce gas use in Europe.

Brussels proposes new import ban on Russian gold 18 July 2022, 23:42 CET
A new package of measures to maintain and strengthen the effectiveness of EU sanctions against Russia, proposed Tuesday by the EU Commission, includes a new import ban on Russian gold.