BELGIUM – Donald Trump‘s address to the nation’s remarks on Iran war pushed the European natural gas prices to over 6% (over €50 [$58]) on Thursday, as markets reassessed risks. The Dutch TTF price rose to trade near €50.4 ($58.1) per megawatt-hour as of 0655GMT on Thursday. The jump came after natural gas prices had […]
Tag: Europe
Iran War’s Effect on European Energy Prices
TURKEY – Following the Iran war initiated by the US and Israel at the end of February, the global energy markets have been rattled, with European energy dependency on natural gas coming into attention. While natural gas prices across Europe surged nearly 100% in the course of the month, the region’s reliance on Gulf countries, […]
Russia Ready to Supply Energy to Europe if Interested; Putin
RUSSIA – Russia is ready to supply energy to Europe if the European countries are interested, this’ according to the Russian President Vladimir Putin. Speaking at a meeting on the global oil and gas markets situation, Putin said Russia will continue supplying oil and gas to its “reliable counterparties.” “I’m referring not only to our […]
European Armies Designated as Terrorist Groups in Iran
IRAN – In a reciprocal measure after designating the Islamic Revolutionary Guard Corps (IRGC) as a terrorist group, Iranian parliament on Sunday designated European armies as terrorist groups. In remarks during a parliament session, Iran’s parliament speaker Mohammad Bagher Ghalibaf said that “under Article 7 of the Law on Countering the Designation of the Islamic […]
EU Phase Out of Russian Pipeline Gas and Liquefied Natural Gas (LNG) Begins
RUSSIA – The European Union’s 27 members approved new rules on Monday for phasing out the Russian pipeline gas and liquefied natural gas (LNG). The regulation includes provisions on strict monitoring, diversification of supply and penalties for violations, the Council of the EU said in a statement. Under the regulation, imports of Russian gas will […]
Which European Countries Have Elections in 2026-2027?
PORTUGAL – At least 10 European countries have elections in 2026, with some setting the stage for 2027 elections, in an ever-changing political landscape. From the Iberian Peninsula to the Baltics and Central Europe, there’ various public concerns over economic pressures, governance, geopolitical tensions, the bloc’s security, and support for Ukraine, which will define the […]
Europe Rocked by Farmers Protests Against Mercosur Trade Deal
BELGIUM – Farmers protests against Mercosur trade deal rocked Europe as of Friday Jan. 9, as the European Union prepared to approve the trade deal. In Belgium, Walloon farmers set up blockades, closing major highways south of Brussels and across Wallonia, Flemish-language broadcaster VRT reported. On Thursday, protesters attempted to occupy the Brussels Ring at […]
EU’s Plan on Using Frozen Russian Assets to Finance Ukraine Fails
BELGIUM – The European Union leaders’ plan to use frozen Russian assets to finance Ukraine war effort failed, and instead settled on a €90 billion ($105 billion) EU borrowing package to cover Kyiv’s financing needs for the next two years. Speaking after a European Council meeting, Ursula von der Leyen said member states had agreed to […]
Russia Says Has no Plans to Attack NATO or EU
RUSSIA – Russia on Thursday reiterated that it has no plans to attack NATO members or EU, adding that it’s ready to offer a guarantee in writing. “We have no aggressive plans, as President (Vladimir Putin) has clearly stated, against either NATO or EU members. We are prepared to formalize the corresponding guarantees in writing, […]
About the American $901B Defense Policy Bill
USA – On Wednesday, the US House of Representatives passed the $901 billion defense policy bill, in a measure outlining the Pentagon’s policies. The bill cleared the lower chamber in a 312-112 vote, sending it to the Senate for consideration. Key provisions in the 3,086-page bill include $800 million for Ukraine – $400 million for […]
Donald Trump’s National Security Strategy in Summary
USA – On Thursday night, the White House unveiled new Donald Trump‘s national security strategy aimed at reinforcing the “America First” doctrine, with a US foreign policy overhaul. The 33-page document opens with a critique of US foreign policy since the end of the Cold War, contending that successive administrations – guided by what it […]
European Union is Drowning in Corruption; Viktor Orban
HUNGARY – The Hungarian Prime Minister Viktor Orban said on Friday that the European Union is drowning in corruption, amidst ongoing investigation into suspected fraud involving EU-funded training for junior diplomats. “The EU is drowning in corruption. Commissioners face serious charges, the Commission and the Parliament are engulfed in scandal, yet Brussels still claims the […]
EU’s Kaja Kallas Says Ukraine Peace Deal Must Involve Russian Concession
AUSTRIA – The European Union’s foreign policy chief Kaja Kallas on Thursday said that any Ukraine peace deal must include Russian concession, adding that Russia have violated international laws numerous times, together with the founding principles of the Organization for Security and Co-operation in Europe (OSCE). Speaking at the 32nd OSCE Ministerial Council in Vienna, […]
NATO’s Allied Command Operations (ACO) to Update its Boundaries
BELGIUM – The NATO’s Allied Command Operations (ACO) will update its regional and provisional boundaries, in a move aimed at enhancing the Alliance’s military posture across the Euro-Atlantic area, according to an announcement by the Supreme Headquarters Allied Powers Europe (SHAPE) on Thursday. The adjustment transfers responsibility for Denmark, Sweden and Finland from Joint Force […]
EU Seizure of Frozen Russian Assets will be Reason for War; Dmitry Medvedev
RUSSIA – The Russian Deputy Secretary of the Security Council Dmitry Medvedev on Thursday warned that the EU seizure of frozen Russian assets will be case for war. In a statement on the Russian platform MAX, Deputy Secretary of the Russian Security Council Dmitry Medvedev said: “If the unhinged European Union still attempts to steal […]