G7 agrees oil price cap: reducing Russia’s revenues, while keeping global energy markets stable

This article is brought to you in association with the European Commission. The international Price Cap Coalition has finalised its work on implementing an oil price cap on Russian seaborne crude oil. EU Member States in the Council have also just approved in parallel its implementation within the EU. The cap has been set at a […]

Ukraine: Commission proposes to criminalise the violation of EU sanctions

This article is brought to you in association with the European Commission. The European Commission is today putting forward a proposal to harmonise criminal offences and penalties for the violation of EU restrictive measures. While the Russian aggression on Ukraine is ongoing, it is paramount that EU restrictive measures are fully implemented and the violation of […]

Ukraine: Commission presents options to make sure that Russia pays for its crimes

This article is brought to you in association with the European Commission. The Commission presented today different options to Member States to make sure that Russia is held accountable for the atrocities and crimes committed during the war in Ukraine. The Commission is proposing to create a new structure to manage frozen and immobilised public Russian […]

Will a price cap on Russian oil have much impact? What you need to know about the global energy crisis this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Ellerbeck, Senior Writer, Formative Content 1. News in brief: Energy stories from around the world The G7 nations’ proposed price cap of $65-70 a barrel on Russian oil would have little immediate impact on Moscow’s revenues, as […]

Parliament approves €18 billion loan for Ukraine for 2023

This article is brought to you in association with the European Parliament. On Thursday, MEPs approved an €18 billion loan to support Ukraine during Russia’s war against the country. The €18 billion will cover roughly half of the estimated €3-4 billion monthly funding Ukraine needs in 2023. The money will go to supporting essential public services […]

MEPs vote not to accept passports issued by Russia in occupied areas

This article is brought to you in association with the European Parliament. The European Parliament has endorsed a decision not to accept passports and other travel documents issued by Russia in illegally-occupied regions of Ukraine and Georgia. Parliament approved the agreement with Council on the non-acceptance of travel documents issued by Russia in occupied Ukrainian regions […]

European Parliament declares Russia to be a state sponsor of terrorism

This article is brought to you in association with the European Parliament. Following the atrocities carried out by Vladimir Putin’s regime against Ukrainian civilians, MEPs have recognised Russia as a state sponsor of terrorism. On Wednesday, Parliament adopted a resolution on the latest developments in Russia’s brutal war of aggression against Ukraine. MEPs highlight that the […]

Joint Declaration – 1 billion euro mobilised for Solidarity Lanes to increase global food security and provide a lifeline for Ukraine’s economy

This article is brought to you in association with the European Commission. On behalf of the European Commission, Czechia, Poland, Romania, Slovakia, Republic of Moldova, Ukraine, the European Investment Bank, the European Bank for Reconstruction and Development, and the World Bank Group As part of the European Union’s response to the Russian aggression against Ukraine, the […]

6 ways Russia’s invasion of Ukraine has reshaped the energy world

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Ellerbeck, Senior Writer, Formative Content Russia’s invasion of Ukraine in February 2022 has had a profound effect on global energy markets. Price volatility, supply shortages, security issues and economic uncertainty have contributed to what the International Energy […]

Commission proposes stable and predictable support package for Ukraine for 2023 of up to €18 billion

This article is brought to you in association with the European Commission. Following the European Council meeting of 20-21 October 2022, the Commission has today proposed an unprecedented support package for Ukraine of up to €18 billion for 2023. This will come in the form of highly concessional loans, disbursed in regular instalments as of 2023. […]

Ukraine: International Expert Conference hosted by the Commission and G7 Presidency reaffirms unwavering commitment to support Ukraine’s recovery

This article is brought to you in association with the European Commission. Tomorrow, European Commission President Ursula von der Leyen and Chancellor Olaf Scholz, in his given capacity as German Presidency of the G7, will co-host the International Expert Conference on the Recovery, Reconstruction and Modernisation of Ukraine in Berlin. This conference is another important step in the series […]

MEPs say no to Russian passports from occupied regions, stress right to asylum

This article is brought to you in association with the European Parliament. The European Parliament agreed on Thursday not to accept travel documents that Russia has issued in the areas it illegally occupies in Ukraine and Georgia. By 540 votes in favour, 6 against and 36 abstaining, the European Parliament approved its mandate for negotiations with […]

Ukraine: EU launches winter shelter programme and boosts humanitarian aid by €175 million

This article is brought to you in association with the European Commission. The European Commission announces today a new emergency shelter and winterised facilities programme for Ukraine, as Russia’s war continues to destroy civilian infrastructure. Furthermore, the Commission will provide an additional €175 million in humanitarian assistance to support those most in need in Ukraine and […]

European Commission raises a further €11 billion for NextGenerationEU and to support Ukraine

This article is brought to you in association with the European Commission. The European Commission has today issued €11 billion in a dual tranche transaction, the proceeds of which will be used to support Ukraine under the EU’s MFA programme and Europe’s recovery under the flagship NextGenerationEU programme. The deal consisted of a €5 billion tap […]

Ukraine: EU agrees on eighth package of sanctions against Russia

This article is brought to you in association with the European Commission. The Commission welcomes the Council’s adoption of an eighth package of hard-hitting sanctions against Russia for its aggression against Ukraine. This package – which has been closely coordinated with our international partners – responds to Russia’s continued escalation and illegal war against Ukraine, including […]

Here’s how other refugee emergencies can guide government response to the Ukraine crisis

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Björn Gillsäter, Head, World Bank-UNHCR Joint Data Center on Forced Displacement As the conflict in Ukraine continues, the world witnesses yet another refugee emergency. Millions of Ukrainians are fleeing their homes to seek asylum in other European countries. […]

Commission welcomes international condemnation of Russia for violation of aviation rules and EU sanctions *

This article is brought to you in association with the European Commission. The Commission welcomes the decision by the International Civil Aviation Organization (ICAO) to call on the Russian Federation to immediately cease its infractions of international aviation rules, in order to preserve the safety and security of civil aviation. The ICAO decision refers to the […]

EIB Board, supported by the EU Commission, approves €1.59 billion of EU financial assistance for Ukraine

This article is brought to you in association with the European Commission. The EIB, the EU bank, is providing €1.59 billion, supported by guarantees from the EU budget, to help Ukraine repair the most essential damaged infrastructure and resume critically important projects addressing the urgent needs of Ukrainian people. This is the second package of support for […]

Russian ruble: How resilient against sanctions is Russia’s economy?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Letzing, Digital Editor, Strategic Intelligence, World Economic Forum & Minji Sung, Data Visuals and Content Specialist, Strategic Intelligence, World Economic Forum In many ways Russia’s economy seems to have successfully weathered the sanctions applied in response to […]

Ukraine crisis: How can the private sector be a force for good?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Henrietta H. Fore, Director Emeritus, Chief Executives for Corporate Purpose (CECP) The war in Ukraine has displaced nearly two-thirds of the country’s children. International cooperation is critical to protect and children and their families. The private sector can […]

Implementation of sanctions: Commission provides additional guidance on the transit of goods from Russia

This article is brought to you in association with the European Commission. The European Commission has today published further guidance to Member States on the transit of goods from Russia. This is part of regular technical exchanges on the practical implementation of EU restrictive measures, which have been unanimously imposed by the Council, in response to […]

Russian invasion of Ukraine: Commission consults Member States on proposal to amend State aid Temporary Crisis Framework

This article is brought to you in association with the European Commission. The European Commission has sent to Member States for consultation a draft proposal to adjust the State aid Temporary Crisis Framework, initially adopted on 23 March 2022 to support the economy in the context of Russia’s invasion of Ukraine. Executive Vice-President Margrethe Vestager, in […]

3 anti-corruption takeaways from the war in Ukraine

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Delia Ferreira Rubio, Chair, Transparency International, Nicola Bonucci, Partner, Investigations & Compliance, Paul, Hastings, Janofsky and Walker Rachel Davidson Raycraft, Judicial Law Clerk, US District Courts The war in Ukraine has shown how financial markets and anti-corruption are […]

Ukraine: Commission presents guidance to help people fleeing war access jobs, training and adult learning

This article is brought to you in association with the European Commission. Since the beginning of Russia’s unprovoked war against Ukraine and its civilians, over 7 million people have fled Ukraine and reached the EU. So far, only a relatively small number of those of working age have entered the EU labour market, though the number […]

State aid: Commission approves 500 million Finnish scheme to support companies in context of Russia’s invasion of Ukraine

This article is brought to you in association with the European Commission. The European Commission has approved an €500 million scheme to support companies active in the context of Russia’s invasion of Ukraine. The scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022, based on Article 107(3)(b) […]

EU sets up €20 million support for Ukrainian start-ups through European Innovation Council

This article is brought to you in association with the European Commission. The European Commission has launched an ambitious €20 million action to support the Ukrainian innovation community. Through a targeted amendment of the 2022 European Innovation Council (EIC) work programme, the new initiative will support at least 200 Ukrainian deep tech start-ups with up to […]

Ukraine: EU boosts operational support to humanitarian organisations

This article is brought to you in association with the European Commission. As humanitarian needs continue to rise in Ukraine due to the illegal Russian invasion, the EU is providing direct operational support to aid organisations working inside the country. In this regard, the EU has set-up and fully funded two warehouses in Ukraine, respectively in […]

Russian war crimes in Ukraine: EU supports the International Criminal Court investigation with €7.25 million

This article is brought to you in association with the European Commission. Today, the European Commission has launched a new project, under its Foreign Policy Instrument, to support the investigation capacities of the International Criminal Court (ICC) with €7.25 million. This project, which was first announced by HRVP in Kyiv, is part of the EU’s efforts […]

EU and US agree to strengthen coordination on the enforcement of export controls on Russia

This article is brought to you in association with the European Commission. The European Commission and the US Commerce Department have agreed to strengthen coordination on the enforcement of export controls on Russia, building on the excellent cooperation under the US-EU Trade and Technology Council. In a meeting in Brussels, Deputy Secretary of Commerce Don Graves, […]

Russia’s war on Ukraine: EU adopts sixth package of sanctions against Russia

This article is brought to you in association with the European Commission. The European Commission welcomes the adoption of the sixth package of restrictive measures against Russia. Sanctions are among the EU’s most visible, direct and powerful responses to Russia’s brutal and unprovoked attack on Ukraine, including systemic violence and atrocities against the civilian population. This […]

Building jobs for Ukraine: How one recruitment company supported those fleeing war

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Alain Dehaze, Chief Executive Officer, The Adecco Group Adecco Group had more than 1,700 associates and colleagues working in Ukraine when Russian forces invaded in February. The company quickly set up the Jobs for Ukraine platform, to support […]

‘This is a war for our identity’: Q&A with Ukraine’s foreign minister

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Dmytro Kuleba, Minister of Foreign Affairs, Ministry of Foreign Affairs of Ukraine Ukraine’s Foreign Minister Dmytro Kuleba was in conversation with the World Economic Forum at Davos 2022. From sanctions, to NATO and energy, he spoke with CNBC’s […]

Ukraine: The Commission proposes rules on freezing and confiscating assets of oligarchs violating restrictive measures and of criminals

This article is brought to you in association with the European Commission. Today, the European Commission is proposing to add the violation of EU restrictive measures to the list of EU crimes. The Commission is also proposing new reinforced rules on asset recovery and confiscation, which will also contribute to the implementation of EU restrictive measures. […]