Contents tagged with Europe

  • EU investigates laundering of Russian money through Danske Bank

    The European Banking Authority (EBA) has opened an investigation into the laundering of Russian money through Danske Bank with respect to the supervisory bodies in Denmark and Estonia.

    The EBA will examine whether the Danish and Estonian financial services authorities fulfilled their obligations according to EU legislation.

    In June 2018, the Estonian prosecution office initiated a criminal investigation against the Estonian branch of Danske Bank, which is believed to have participated in the …

  • Ukraine among top 3 countries in terms of damage inflicted to Russia's economy

    Restrictive measures imposed against Russian products abroad caused a damage of $6.3 billion (expert evaluation) to the Russian economy, according to the report published on the website of the Russian Ministry of Economic Development. 

    It follows from the presentation prepared by the ministry that the European Union took the first place in terms of the number of restrictions imposed on Russian goods. Next come Ukraine, India, Belarus, Turkey and the United States. 

    Nevertheless, the picture …

  • Moldova begins construction of pipeline connecting it to European gas supply system

    Moldovan Prime Minister Pavel Filip and Romanian Deputy Prime Minister for the Implementation of Strategic Partnerships Ana Birchall took part in the ceremony marking the beginning of the construction of the second-stage of the Jasz-Ungheni-Chisinau gas pipeline. 

    The first line of the gas pipeline was put into operation in 2014, making it possible to deliver almost a million cubic meters of gas from Romania to Ungheni and several nearby settlements. The second part of the 120-km-long pipeline …

  • Kremlin: Russia starts developing intermediate-range ground-based missile

    Russia has started developing an intermediate-range ground-based missile, said Russian Deputy Foreign Minister Sergey Ryabkov during a panel session of the 55th Munich Security Conference.

    “Russia has begun the scientific and technical and development work in this regard, just like the US,” he said.

    Ryabkov noted that, on 2 February, Russian President Vladimir Putin said that Russia will not deploy short or intermediate-range missiles anywhere until American missiles appear there.

    “The US …

  • Czech Republic to send a mechanized battalion to the Allied Rapid Reaction Corps

    The Czech Republic will send a mechanized battalion to the Allied Rapid Reaction Corps, said the Chief of the General Staff of the Czech Republic, Lieutenant General Aleš Opata on Friday.

    "The Czech Republic will send 800 servicemen and 200 units of equipment to the Allied Rapid Reaction Corps that can deploy within 30 days.” He explained that the Czech Republic is sending a mechanized ground forces battalion.

    The project of the Allied Rapid Reaction Corps was discussed in Brussels on …

  • Finland, Estonia, and Latvia agree to establish regional gas market

    The Estonian state-owned company Elering AS, which operates electrical and gas networks, stated that an agreement was signed with the energy companies of Finland and Latvia to the establishment of a Finnish-Estonian-Latvian gas market beginning 2020, Interfax-Ukraine reports.

    It is noted that this agreement allows for a single gas tariff for gas transit between these countries and eliminates cross-border charges which means that next year gas will flow between Finland, Estonia, and Latvia at …

  • Germany’s Federal Intelligence Service examines Russia's ties with the far-right German parties

    The German Federal Intelligence Service (BND) is examining Russia's ties with the far-right German parties, including the anti-immigration Alternative for Germany (AfD), the Redaktions Netzwerk Deutschland RND (German Editorial Network) reported on Thursday, citing intelligence sources.

    The leadership of Germany’s Federal Office for the Protection of the Constitution (BfV) decided to relocate with all its regional offices amid concerns that Moscow might try to influence European elections in …

  • Kyiv: Ukraine satisfied with EU policy changes concerning Nord Stream 2

     The EU’s coordinated amendments to its Gas Directive establish a legal framework for the Nord Stream 2 project to function in accordance with EU standards, but do not reduce the security risks, and could make Russia’s behavior even more aggressive, wrote Olena Zerkal, Ukraine’s Deputy Foreign Minister for European Integration, on Facebook. 

    “First and foremost, EU law will extend to gas pipelines from third countries, including Nord Stream 2. This was and remains the key provision of the …

  • Russia to spend as much on road to China as on education

    The Russian government intends to spend a similar amount on building a road to China as it will on education, according to official documents on 12 national projects and their costs over the next six years, finanz.ru reports. The country plans to spend 784.5 billion rubles (around $12 billion) on the national “Education” project, and 655 billion rubles ($10 billion) on the project “Europe – Western China”. 

    The Kremlin estimated its total expenditure on national projects at nearly 26 trillion …

  • Germany to build terminals for liquefied gas from the US

    Germany intends to build at least two terminals capable of receiving imported liquefied natural gas, said German Minister for Economic Affairs and Energy, Peter Altmaier, at the German-American conference in Berlin, reports Der Spiegel. 

    Both terminals will be built in the north part of the country. The publication notes that the government is considering Brunsbüttel, Stade and Wilhelmshaven locations. 

    In addition, according to the Federal Ministry for Economic Affairs and Energy, the …