The EU “does not see or is unwilling to see” Russia’s efforts to establish peace in Ukraine, Moscow said in response to the bloc's new sanctions. Despite Brussels’ “non-constructive” policy, Moscow is committed to help implement the peace plan. “We are sorry that the European Union has adopted a new round of sanctions. We have repeatedly expressed our discontent with the previousl [...]

The European Commission has suspended its aid to European farmers hit by the Russian import ban. The amount of submitted claims for some products is several times higher than EU’s annual trade with Russia, with some sources blaming Poland for the exaggerations. [...]

European Commission head Herman Van Rompuy confirmed the EU will unleash a new round of sanctions against Russia on September 12. The economic sanctions will reportedly target Russia's energy, finance, and defense sectors. The new limitations will come into effect after they are published in the official journal of the European Union on Friday. [...]

EU Trade Commissioner Karel De Gucht wants to see oil and natural gas exports from the US to Europe included in the forthcoming transatlantic trade deal which will create the world's largest free trade zone. Europe wants US oil and gas to help offset its dependence on Russian energy. About 30 percent of Europe’s total gas requirement comes from Russia, approximately half of that is vulnerable [...]

A"truly" international investigation of the Malaysia Airlines MH17 crash in eastern Ukraine is required, Russia's UN envoy, Vitaly Churkin, said, adding that there are too many blank spots in the newly released Dutch report on the tragedy. The document, released by the Dutch Safety Board (DSB) on Tuesday, said that the Malaysian Boeing-777 crash was the result of structural damage caused by a l [...]

A group of high-profile trade unions have backed a growing campaign opposed to a new transatlantic trade deal critics claim will make the privatization of Britain's National Health Service (NHS) irreversible. Three of the UK’s largest unions have tendered motions to the Trade Union Congress (TUC) in Liverpool, outlining their opposition to the cross-border agreement currently being negotiated [...]

After international summits end, there is always a collective sigh of relief. So it was with the NATO meeting in Wales that ended on September 5. All NATO leaders got something out of the Euro-Atlantic gathering, even if it wasn’t what they had wanted during the run-up to the summit. There were reassurances for NATO’s Eastern European members and promises of technical assistance to Ukraine [...]

Christine Lagarde, head of the International Monetary Fund (IMF) has urged Germany to increase spending to spur the eurozone's flagging economic recovery, and said that a number of structural reforms are needed to revive the bloc’s growth. "We think that public or private investment (in Germany) to finance infrastructure would be welcome," Lagarde told French daily Les Echos in an interview o [...]

Prime Minister Dmitry Medvedev has warned Russia may shut its air corridors to Western airlines if the next round of European sanctions hit Russian energy companies. "If there are sanctions related to the energy sector, or further restrictions on Russia's financial sector, we will have to respond asymmetrically,” Medvedev said in an interview with the Vedomosti newspaper, published on Monday. [...]

As the ceasefire in Ukraine gets off to a shaky start, the only way to rebuild the billions of dollars of damage in the nation's east is for the EU and Russia to work together, Lode Vanoust, former MP and deputy speaker of the Belgium parliament, told RT. First off, Kiev has now agreed to what appears to be a major concession, decentralization of power, which wasn’t even on the negotiating ta [...]

Just two days after the President of Ukraine and Russia both expressed a desire to resolve the conflict in Ukraine peacefully, representatives from the two self-proclaimed republics in East Ukraine and Kiev’s government agreed to a ceasefire after meeting behind closed doors in Belarus. Interesting timing considering that on Wednesday, after his phone call with Poroshenko, President Putin p [...]

Lithuania has asked the European Commission to allocate €46 million ($60 million) as compensation for Russian food embargo losses. Slovakia has also asked the EU to lift some sanctions against Russia to partially allow exports. Vilnius is expecting to receive at least part of the requested compensation, as Brussels sees Lithuania as one of the countries most affected by the Russian sanctions, [...]

The recurring motif in discussions on the sidelines of the NATO summit taking place on September 4–5 in Wales is this: “But what can NATO do for Ukraine?” The presence of Ukrainian President Petro Poroshenko at the gathering seems to indicate that the Western alliance has somehow made itself Ukraine’s guarantee power. But this is only true in a largely symbolic sense. In real terms, the [...]

Ukraine's President Petro Poroshenko says he'll order a ceasefire for government troops fighting self-defense forces in the southeast of country if the meeting of Ukrainian, Russian and OSCE envoys takes place in Belarus on Friday as planned. "At 14:00 local time (11:00GMT Friday), provided the [Minsk] meeting takes place, I will call on the General Staff to set up a bilateral ceasefire and we [...]

Russia's decision to impose a food embargo in response to Western sanctions may cost the European Union €5 billion ($6.6 billion) a year, according to an internal EU document. "The overall temporary restrictions currently applied by Russia potentially jeopardize €5 billion worth of trade," the report seen by Reuters states. [...]

The EU is considering forbidding all Russian state-owned firms from borrowing or raising money on European capital markets in the possible next round of sanctions against Russia being prepared by the European Commission. This and other proposals were discussed at a meeting of European ambassadors in Brussels on Monday, Reuters reports citing diplomatic sources. [...]

Moscow's 15-month marathon of energy deals with China will boost the credit of Russian oil and gas companies and reduce Russia's reliance on European energy markets, Moody's Ratings Agency said in a note. Russia’s oil majors- Rosneft, Gazprom, and Novatek have all struck major deals with Chinese partners, which provide long-term financial stability for the companies, which are at risk of West [...]

The European Union may ban the "re-selling" of gas and limit industrial use as part of a contingency plan to create a stockpile for next winter, in case Russian gas stops flowing through Ukraine, according to a European Commission source. Foreseeing a possible halt in supplies over the political standoff between Russia and Ukraine, Europe has an emergency plan to stock up on energy supplies, th [...]

Vladimir Putin’s remark about “taking Kiev in two weeks” was taken out of context and its meaning was distorted, Moscow said, adding that it’s ready to publish the president’s conversation with the European Commission head. Moscow may reveal the full recording of the controversial phone call if European Commission president, Jose Manual Barroso, doesn’t object in the next two days, [...]

After months of failed telephone diplomacy between Angela Merkel and Vladimir Putin, hardliners are gaining the upper hand in discussions over the appropriate response to Russia. They may soon prevail with demands that go far beyond new economic sanctions. [...]

The first Eastern European EU president, Donald Tusk faces difficult times ahead – and few credentials to suggest he is up to the job... Polish Prime Minister Donald Tusk will chair EU meetings as President of the European Council, with many hoping he will prove to be a pragmatic counterweight to the divisive Jean-Claude Juncker, who by his own admission held the Eurozone together with a tiss [...]

Growth in Germany contracted 0.2 percent in the second quarter, the first fall in over a year, stoking worries Europe's biggest economy is slowing down, as the Ukraine crisis and weaker trade drag down what was once a glowing model for the rest of Europe. The seasonally-adjusted gross domestic product (GDP) from April to June was confirmed Monday by Germany's Federal Statistics Office to have d [...]