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EU ASKS MEMBER STATES TO REDUCE ENERGY CONSUMPTION BY 15%

European Union leaders have announced a plan to reduce reliance on Russian gas amid supply disruptions. The European Commission has called on member states to scale down their energy consumption by 15 percent between August and the end of March.The cut will be voluntary but the proposals allow the EU to make them mandatory in… Continue reading EU ASKS MEMBER STATES TO REDUCE ENERGY CONSUMPTION BY 15%

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EU, ISRAEL AND EGYPT SIGN NATURAL GAS EXPORT DEAL

Israel and Egypt will aim to boost natural gas exports to Europe under a memorandum of understanding (MoU) signed on Wednesday as the continent looks to replace Russian energy imports.The export deal signed will allow the export of Israeli natural gas to the EU, according to Israeli Minister of Energy and Water Resources Karine Elharrar.… Continue reading EU, ISRAEL AND EGYPT SIGN NATURAL GAS EXPORT DEAL

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EU TRANSFERS EUR 600M TO UKRAINE – VON DER LEYEN

The European Union has disbursed a new tranche of EUR 600 million to Ukraine and is working on a procedure to provide an additional EUR 9 billion loan by the end of this year.European Commission President Ursula von der Leyen wrote this on her Twitter account. European Commission President Ursula von der Leyen DCO Global… Continue reading EU TRANSFERS EUR 600M TO UKRAINE – VON DER LEYEN

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EU TO BANKROLL UKRAINE’S BUDGET TO KEEP IT AFLOAT

The European Union will fork out $9.5 billion to keep Ukraine afloat, as Washington has instructedEU to bankroll Ukraine’s budget.European Commission President Ursula von der Leyen on Wednesday proposed an aid package of €9 billion ($9.5 billion) to keep Ukraine’s government running, and added that the EU would lead reconstruction efforts in Ukraine after hostilities… Continue reading EU TO BANKROLL UKRAINE’S BUDGET TO KEEP IT AFLOAT