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The Latest Breaking News from Valdis Dombrovskis

Oil and gas prices to remain high in Europe at least until the end of 2027, officials say

European Union officials say that Europeans can expect oil and gas prices to remain above what they were before the Iran war for at least until the end of 2027

AAP

EU weighs limited fiscal flexibility on energy after Meloni push

EU weighs fiscal flexibility measures to tackle the Strait of Hormuz energy crisis after Meloni push, but warns of limits of expansionary policy

Euronews

EU economy chief certain the bloc will not return to Russian gas or oil as energy crisis bites

Exclusive: European Commissioner for the Economy Valdis Dombrovskis said Russia is milking the crisis in the Middle East for energy profits – and the EU will not ease on its sanction regime for cheaper oil or gas flows.

Euronews

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Newsletter: EU makes its trade play in Mexico

As top European Union officials travel to Mexico on Friday to finalise a revived EU-Mexico trade deal, NATO foreign ministers will meet for a second day in Sweden to try to decipher Washington’s increasingly confusing military posture in Europe.

Euronews

Euro zone growth forecast cut because of war impact

BRUSSELS - The euro zone economy will expand less than expected this year, the European Commission said on Thursday, as the Middle East war and subsequent energy shock take their toll.

Bangkok Post

G7 finance ministers seek common ground despite divisions over Russia and trade

The world's leading economies have pledged renewed multilateral cooperation to tackle growing threats to global economic stability stemming from the war in the Middle East, after high-level talks in Paris that also exposed strains between the United States and several of its allies.

Radio France Internationale

G7 finance ministers vow cooperation to face 'heightened risks'

Global economic leaders met in Paris to tackle instability caused by the Middle East war. They pledged cooperation to manage challenges like energy and food supply disruptions. Discussions also covered tariffs and Russia. The G7 aims for coordinated responses to global economic risks. Leaders will meet again in Evian to…

The Economic Times

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G7 finance ministers call for action on trade imbalances as Russia sanctions divide US from allies

Finance ministers from the G7 group of advanced economies were unanimous on the need to take on global trade imbalances, according to the statement released Tuesday following a second day of Paris talks. But the US decision to extend a waiver on sanctions against Russia in the wake of the…

France 24

G7 finance ministers explore responses to Iran war fallout

Global finance leaders met in Paris to address economic fallout from the Middle East conflict. France's finance minister called for increased aid for vulnerable nations. Discussions also covered diversifying critical mineral supplies and maintaining pressure on Russia. G7 nations aim to build new partnerships amid global tensions and trade system…

The Economic Times

EU To Downgrade Growth Forecast Due To 'Stagflationary Shock' From Iran War

The European Union will cut its growth forecast as a result of the "stagflationary shock" from the Iran war, its economy commissioner said.

International Business Times

Brussels' push to cut housing red tape faces criticism from EU countries

EU governments are warning that Brussels’ attempt to simplify regulation through its so-called 'omnibuses' could be backfiring, as concerns grow that new rules may actually slow down urgently needed projects like housing and critical infrastructure, a letter seen by Euronews reveals.

Euronews

EU agrees fresh sanctions on Russia but leaves maritime services ban on hold

Due to Greece and Malta's concerns, the full ban on maritime services will be left on hold pending an agreement at the G7 level. The US, however, is going in the opposite direction by providing sanctions relief to Russia.

Euronews

EU optimistic about ending Hungary's veto on €90 billion loan for Ukraine

Brussels is ready to move on with the €90 billion loan for Ukraine as soon as Hungary removes its controversial veto. The resolution could also pave the way for the adoption of a new package of sanctions against Russia.

Euronews

Ukraine war briefing: €90bn EU loan for Ukraine to be released in second quarter

EU economy commissioner says Iran war is feeding Russia’s war machine; Trump condemns massive strikes on Ukraine. What we know on day 1,514

The Guardian - AU

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Euronews

EU ministers weigh oil price cap and windfall tax to rein in soaring energy costs

Ahead of a ministerial meeting in Brussels, the European Commission urged EU finance ministers to keep energy relief measures short-term while staying on track with decarbonisation goals.

The Guardian - UK

War in Iran ‘not a Nato matter’, Finland president says in defence of alliance - as it happened

The comments came after the US president lashed out as Nato, saying it didn’t help to open the strait of Hormuz when requested

Euronews

Iran escalation risks 'stagflation shock' for Europe, Commissioner Dombrovskis tells Euronews

EU economy chief says intensity and duration of the Iran war will define fallout of the crisis on Europe as global coalition agrees to the biggest release of oil reserves in history to stabilise energy market.

Euronews

Newsletter: Oil prices spiral despite historic reserve release

Also in this newsletter: European Commissioner for the Economy Valdis Dombrovskis tells Europe Today that a prolonged and escalating war in the Middle East could mean a 'stagflationary shock' for Europe.

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Euronews

'Self-defeating': EU and US clash over Russia sanctions relief as prices soar

Granting sanctions relief to Russia would be "self-defeating", Commissioner Valdis Dombrovskis said after Donald Trump's announcement.

Euronews

Newsletter: Time for Europe to 'stop hitting the snooze button'

Also in this newsletter: the latest on the push for a 20th package of sanctions against Russia; tensions escalate amid anti-semitism row between US and Belgium; and how US sanctions are making life impossible for an ICC judge.

Euronews

EU 'won't shy away' from new sanctions on Russia if G7 allies fail to reach deal

Economy Commissioner Valdis Dombrovskis said a G7 deal is not an "absolute precondition" for a full ban on maritime services for Russian tankers. Brussels wants the new sanctions approved by 24 February.

Euronews

Newsletter: Ukraine peace talks resume as Macron signals groundwork for talks with Putin

Also in this newsletter: EU and Australia close in on free trade deal, why the digital euro is at a gridlock, and the EU and UK look set to tighten ties.

Euronews

EU and UK to ramp up talks on closer ties 10 years after Brexit referendum

A volatile geopolitical context has spurred the European Union and United Kingdom to deepen their collaboration on areas including defence and trade after a fraught decade.

The Guardian - UK

EU has ‘open mind’ on UK customs union talks, says official

Valdis Dombrovskis says bloc is ‘ready to engage’ amid meetings with ministers including Rachel Reeves

The Independent UK

EU ‘open-minded’ about Britain rejoining customs union, bloc’s finance chief says

EU finance chief Valdis Dombrovskis said the bloc was ‘ready to engage’ if the UK wanted to explore a customs union

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