This was the main decision G7 leaders made at their summit. And to enable it, the EU was to adopt a law prolonging the freezing of sovereign Russian assets until Moscow had paid for its war against Ukraine in full. This would guarantee the frozen assets would continue to be available to produce the interest … Read more
With the European Commission poised to slap tariffs on imports of Chinese electric vehicles, the BNIC — whose members employ 70,000 people and account for nearly €4 billion in export sales — fears that this move will escalate simmering trade tensions with Beijing. In response to the investigation into state subsidies for Chinese EVs, which Paris supported, … Read more
Are there unintended consequences to European Union sanctions against Russia? While rocked initially by the restrictions, Russia’s economy has shown remarkable resilience. Europe, on the other hand, is facing a year of glacial growth. There are also growing concerns around the legitimacy of some of the embargoes being issued by Brussels, the adverse impact on … Read more
