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The Latest Breaking News from European Union

Sweden plans to up defence budget to 2% of GDP as Russia threat looms

Sweden's government said on Thursday it planned to boost annual spending on defence to 2% of gross domestic product in response to a deteriorating security situation in Europe following Russia's invasion of Ukraine.

Reuters

Vladimir Putin's nuclear threat is very 'real' for Irish Government as Russian troops labelled 'reckless'

“Let me be very clear in relation to what is happening in Ukraine, we are not neutral."

Irish Mirror

France's Macron: EU must agree on how fast we can reduce reliance on Russian energy

French President Emmanuel Macron on Thursday said the European Union countries needed to agree on the pace at which the bloc could wean itself off Russian fossil fuels.

Reuters

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A short history of Ukraine's relationship with the European Union

Russia’s unprovoked attack on Ukraine on February 24 2022 and the war that has ensued are part of the history of what happened in eastern Europe in the years following the cold war. As the European Union is debating what to do about Russian aggression, it is important to remind…

The Conversation

Trevor Noah: Putin has ‘shined a spotlight’ on fossil fuel dependency

Late-night hosts discuss the US – but not the EU – banning energy imports and McDonald’s closing stores in Russia

The Guardian - US

There is no fast track procedure for EU membership, Dutch PM says

It is important that Ukraine has applied for membership of the European Union, but there is no fast-track procedure for accession, Dutch Prime Minister Mark Rutte said on Thursday.

Reuters

Rod Oram: Sanctions don't stop wars but these will change the world

The history of sanctions to date show target countries usually learn to live with or find ways around them, though they are far poorer for doing so, writes Rod Oram

Newsroom.co.nz

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Portugal says question of Abramovich citizenship depends on inquiry

Portugal said on Thursday it would not strip the citizenship of Chelsea soccer club owner Roman Abramovich for now because that measure was not part of EU sanctions against Russian oligarchs, but his nationality status could change depending on the outcome of an inquiry.

Reuters

European cities name streets of Russian embassies after 'Ukrainian heroes'

IN THE PAPERS – Thursday, March 10: "Atrocious" and "depraved": British and European dailies express their horror over Russian air strikes on a maternity hospital in the Ukrainian city of Mariupol. EU leaders are meeting in Versailles to discuss defence strategies and find consensus on sanctions; we look at some…

France 24

ZeUPay Completing Infrastructure to Operate as a Global Digital Bank

Oslo – TheNewswire - March 10, 2022 – ZeU Technologies Inc. (CSE:ZEU) (CSE:ZEU) (OTC:ZEUCF) is please to disclose that ZeUPay has signed an agency agreement with NIUM UAB, an EU/Singapore-based payment card issuer and a key player in the digital banking industry.

Benzinga

After Brexit betrayal, British-born comic takes first vote as a Frenchman seriously (mostly)

Stand-up comic Ian Moore was living the Platonic ideal of a European life – travelling from the pastoral calm of his family home in rural France to weekly gigs in Britain – when the Brexit bombshell landed. In London for the 2016 referendum, "I made the decision literally the day…

France 24

UK sanctions Roman Abramovich and six more oligarchs - full list and what it means

The Chelsea FC owner was named alongside billionaires Igor Sechin and Oleg Deripaska on the sanctions list, which imposes assets freezes, bans on travel and and a prohibition on transactions with UK individuals and businesses.

Daily Mirror

EU leaders to offer stronger bonds, deeper partnership to Ukraine -draft

European Union leaders will offer to strengthen the bloc's bonds with Ukraine and deepen its partnership as the European Commission assesses if Kyiv is ready to become a candidate for full EU membership, a draft EU declaration showed.

Reuters

More Non-US Companies Restricted Services In Russia After US Counterparts

Rio Tinto PLC (NYSE:RIO) became the first leading miner to suspend trading relations with Russian businesses, Reuters reports. Japan's Sony Group (NYSE:SONY) and Nintendo Co Ltd (OTC:NTDOF) (NTDOY) also halted deliveries of their gaming consoles. Credit Suisse Group AG (NYSE:CS) flagged a ~$900 million Russian credit exposure. Hitachi Construction Machinery Co Ltd (OTC:HTCMF) (OTC:HTCMY) looks to stop exports…

Benzinga

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Reuters

Latvian PM: EU should show Ukraine "open door" on membership, hit Russian energy sector

The European Union needs to show Ukraine a "clear and open door" on membership and hit Russia's energy sector with sanctions, Latvian Prime Minister Krisjanis Karins said on Thursday.

Reuters

Conservative ruling party's Novak to become Hungary's first woman president

Hungary's parliament elected ruling Fidesz party lawmaker Katalin Novak as the country's first woman president on Thursday, buttressing Prime Minister Viktor Orban's nationalist agenda which has triggered conflict with the European Union.

Wales Online

The seven Russian oligarchs hit with UK sanctions, their full list of assets and what has been frozen

Roman Abramovich, Oleg Deripaska and Igor Sechin are among seven oligarchs hit with a collective net worth of around £15bn

The Guardian - UK

Ukraine says talks in Turkey with Russia fail to make progress towards ceasefire

As first high-level diplomatic meeting between combatants continues, EU leaders prepare to meet at Versailles

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Axios

Why it's so hard to quit Russian energy

Europe is extraordinarily reliant on Russian oil, gas and coal.

The Guardian - UK

Tui Group terminates branding deal with Tui Russia

Holiday firm axes deal allowing Alexei Mordashov to use its name after oligarch was sanctioned by EU

Los Angeles Times

Commentary: Is Europe ready to handle Ukraine’s growing refugee crisis?

BRUSSELS — Since Russia’s invasion, more than 2 million people have fled Ukraine. An additional 4 million might not be far behind in what’s shaping up as Europe’s largest refugee crisis since World War II.

Reuters

European Union dashes Ukraine's hopes of quick membership

European Union leaders on Thursday condemned the "unspeakable suffering" Russia was inflicting on Ukraine but at a summit in France they refused Kyiv's appeal for rapid accession to the bloc and differed over the reach of sanctions against Moscow.

The Independent UK

Russia sanctions: McDonald’s and Pepsi join firms severing ties over Ukraine invasion - see full list

Sporting fixtures and music tours targeted by worldwide boycott of Russia

Reuters

Seized or sailing away: What we know about oligarchs and their assets

The latest on Russia's oligarchs and their assets:

Reuters

UK imposes asset freezes on Abramovich, Rosneft boss Sechin

Britain imposed sanctions on Chelsea soccer club owner Roman Abramovich and Igor Sechin, the chief executive of Russian oil giant Rosneft, hitting them with asset freezes and travel bans because of their links to Russian President Vladimir Putin.

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