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London CNN —Money generated by Russian financial assets frozen in Europe will soon start flowing to Ukraine, giving Kyiv a boost as it struggles to counter an advance by Moscow’s troops. The plan “would essentially bring forward that flow of interest proceeds from the assets… (through a loan) given to Ukraine,” Yellen told broadcaster Sky News in an interview this week. “Ukraine has substantial needs, and being able to marshal significant resources to help Ukraine is important,” she said. Most of the frozen Russian money is held in Europe, and the euro is the world’s second-most important currency after the US dollar. This would give Kyiv access to a much larger amount of money than using future or current windfall profits from Russian assets.
Persons: Janet Yellen, ” Yellen, Gabriel Bouys, Joe Biden, ” Lee Buccheit, Trade Valdis Dombrovskis, Yellen, there’s, , Buchheit, Putin, Organizations: London CNN, Union, Sky News, , US, Getty, University of Edinburgh Law School, CNN, EU, Trade, Reuters, Russia, Ukraine, World Bank Locations: Europe, Ukraine, West, Italy, Russia, Ukraine’s, Kharkiv, Frankfurt, Germany, “ Ukraine, Stresa, AFP, EU, Belgium, Kyiv
Major breakthroughs with China’s toughest critics will be hard to come by unless Xi is ready to make surprise concessions. And the trip could instead serve to underscore divisions – not only between Europe and China – but those within Europe that could play to China’s favor, analysts say. Chinese President Xi Jinping and French President Emmanuel Macron visit a garden in Guangdong during Macron's state visit to China last April. Putin has said he plans to visit China this month, according to Russian state media. Xi may also look to highlight Chinese investments in both Belgrade and Budapest in a message to the rest of Europe.
Persons: Xi Jinping, Andrea Bocelli, , Xi, China –, , Noah Barkin, Hungary –, Ursula von der Leyen, Emmanuel Macron, Von der Leyen, Olaf Scholz, Chong Ja Ian, , Chong, Jacques Witt, China’s, Macron, Russia …, Wang Yiwei, Vladimir Putin, Putin, Aleksandar Vučić, Viktor Orban – Organizations: CNN, European Union, Ukraine, German Marshall Fund of, EU, , National University of Singapore, Getty, Beijing’s Renmin University, NATO, Reuters, EV Locations: China, Italy, France, Germany, United Kingdom, Russia, “ China, Europe, Berlin, United States, Serbia, Hungary, Beijing, Paris, “ France, North America, Guangdong, Ukraine, Switzerland, Barkin, , Belgrade, Budapest, Balkans, Balkan
The nearly two-hour speech reflected Mr. Macron’s conviction that only a reinforced and “sovereign” European Union — a “Europe power,” as he puts it — can save the continent from strategic irrelevancy in an unstable world that is dominated by the United States and China and confronting wars in Europe and the Middle East. “We must be lucid about the fact that our Europe is mortal,” Mr. Macron declared before an audience of government ministers, European ambassadors and other dignitaries. “It can die. It can die and whether it does depends entirely on our choices.”The speech, at the Sorbonne University in Paris, was a follow-up to one that Mr. Macron gave in the same location in September 2017. Then, Mr. Macron discussed the future of Europe and the European Union as a young, recently elected and disruptive president still enjoying a political honeymoon.
Persons: Emmanuel Macron, Mr, Macron Organizations: , Sorbonne University, European Union Locations: France, Europe, Ukraine, United States, China, Paris
China – which has not condemned Russia’s invasion and claims impartiality in the conflict – has also emerged as a key lifeline for the sanctions-hit Russian economy. In Europe, this has galvanized concerns about China’s own global ambitions and played a role in the European Union’s ongoing push to recalibrate its policy toward China. EU foreign policy chief Josep Borrell reiterated the EU’s “expectation that China refrains from supporting Russia,” in a meeting with Wang Friday. “As long as war in Ukraine continues, EU policies toward China will move into closer alignment with the US. As president, Trump not only voiced skepticism of the system of US alliances in Europe, but leveraged tariffs on European steel and aluminum, sparking retaliatory measures on US goods from Europe.
Persons: Hong Kong CNN —, Wang Yi, Wang, Donald Trump, Trump, ” Wang, Alexey Navalny, Vladimir Putin’s, , , Noah Barkin, Maxym Marusenko, Putin, Xi Jinping, , Jens Stoltenberg, Josep Borrell, Christoph Heusgen, Dmytro Kuleba, Xi, hasn’t, It’s, Kuleba, Vladimir Putin, Xie Huanchi, Yu Jie, , Liu Dongshu, “ Wang Yi, China …, ” Liu, Emmanuel Macron, GMF Organizations: Hong Kong CNN, Munich, Washington, NATO, German Marshall Fund of, Communist Party, Wang Friday, Bloomberg, CNN, China’s, Ministry, , Ukrainian, Security, Beijing, Peace, Getty, ’ Observers, US, Chatham House, City University of Hong, , White Locations: China, Hong Kong, States, Europe, Ukraine, Beijing, Munich, Moscow, Russia, United States, Russian, Ukraine's Kharkiv, West . China, Taiwan, EU, , China’s, Asia, Pacific, ” Beijing, Switzerland, Xinhua, London, Spain, France, City University of Hong Kong’s, Washington, York
BRUSSELS (AP) — Convoys with hundreds of angry farmers driving heavy-duty tractors advanced toward European Union headquarters, bent on getting their complaints about excessive costs, rules and bureaucracy heard by EU leaders at a summit Thursday. Even if the EU summit was supposed to be laser-focused on providing Ukraine financial aid for its war against invading Russia, the farmers were likely to squeeze their plight onto the informal agenda of the 27 leaders too. Jean-Francois Ricker, a farmer from southern Belgium, braved the winter night close to EU headquarters and said he expected 1,000 to 1,400 vehicles. Farmers coming to Brussels on Thursday have been insisting their protest will be peaceful and security forces have handled the protests lightly so far. I think we are addressing two very important (concerns) of them right now,” European Commission Vice President Maroš Šefčovič said.
Persons: Jean, Francois Ricker, Maroš Šefčovič, Sylvain Plazy, Mark Carlson Organizations: , European Union, EU, Farmers, police, European Commission Locations: BRUSSELS, Belgian, Ukraine, Russia, Belgium, France, Italy, Rungis, Brussels,
Here's why European farmers are taking their anger to the streets:THE HISTORYPolitical Cartoons View All 253 ImagesWorld War II had spread hunger on a bountiful continent. When the war ended, Western European leaders knew that the way to people's hearts was through their stomachs. The vision of EU farming from early on was economy of scale — bigger farms, bigger holdings, setting standard rules across borders. “European farmers have found themselves under increasing pressure from many sides,” European Commission Vice President Maroš Šefčovič said. On Wednesday, the European Commission made two key proposals — one to shield EU farmers from cheap Ukrainian imports and one to sidestep an environmental measure.
Persons: Ursula, Ursula von der Leyen, , von der, “ Ursula, , Jean, Francois Deflandre, Paolo Pepponi, It’s, it’s, Pepponi, Benoit Laqueue, Nicolas Abbeloos, , Maroš Šefčovič, Šefčovič, Emmanuel Macron Organizations: HALLE, European, Agriculture, EU, European Commission, South Locations: Belgium, Paris, Brussels, EU, Ukraine, Kyiv, Halle, Lithuania, France, Spain, Italy, Rome, Europe, Sedan, New Zealand, Chile
Below is a fact check of 102 of Trump’s false claims from the 12 speeches. But contrary to Trump’s claim, it’s not true that people had been attempting for decades to create such an initiative. Trump’s aid to farmersIn speech after speech, Trump claimed that he had given US farmers $28 billion from China. Even if the poll result is off, it’s clear that Trump’s claim that “nobody wants them” is not true. He said he was an airline pilot.”Facts First: Trump made a false claim while mocking Biden for making false claims.
Persons: Donald Trump, , Trump, Joe Biden, Biden, Ron DeSantis, Nikki Haley, , , Mexico’s, ‘ Trump, Defense Department –, ” Theresa Cardinal Brown, CNN’s Priscilla Alvarez, ” Trump, I’ve, Todd Harrison, Harrison, It’s, Trump’s, ” Ben Cahill, Nobody, Jimmy Carter’s, Barack Obama, isn’t, El Salvador –, Obama, we’d, Obama’s, Webster, Covid, Wuhan ”, They’d, they’d, you’d, Scott Gottlieb, ” Gottlieb, Trump Trump, it’s, Abraham, Aaron David Miller, Miller, Dana El Kurd, Qasem Soleimani, they’ve, we’re, We’re, , Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Kpler, Biden Trump, Iran “, Democrats ”, that’s, Jimmy Carter, Carter “, Carter, , Hillary Clinton, Kari Lake, Bill Gates, Gates, ” Chris Wallace, Chris Wallace, Hunter Biden, “ Chris Wallace, ‘ He’s, ‘ ” Trump, Wallace, “ you’re, “ Biden, ‘ You’re, Wallace interjected, Rather, you’ve, ’ ” Pavel Molchanov, Raymond James &, ” Molchanov, Tim Woody, Woody, autoworkers, CNN’s Ella Nilsen, Joe Biden’s, Erin Mellon, Gavin Newsom, Mellon, ” Vonette Fontaine, Biden “, CNN’s Matt Egan, Egan, ” Biden, Europe Trump, United Kingdom “, Brent, Pavel Molchanov, Raymond James, Patrick De Haan, GasBuddy, De Haan, Matt Smith, Matt Egan, Afghanistan Trump, we’ve, Krista Wiegand, Wiegand, ” Netanyahu, Benjamin Netanyahu, Israel, Qasem, Bibi, Netanyahu, Soleimani, Asad, Mark Milley, Hezbollah Trump, Steven Cheung, John Kirby, Cheung, Kirby, Iran’s, ” Ali Vaez, Joseph Amon, Washington –, Faiq Zidan, Zidan’s, Zidan, Abu Mahdi al, China Trump, Ukraine Trump, Letitia James, James, Attorney Alvin Bragg, Matthew Colangelo, You’re, Bragg, Colangelo, Tanya Chutkan, I’m, Jack Smith, Bill Clinton, That’s, everybody’s, Letitia James –, Al Capone’s, Al Capone, Capone, Brad Schwartz, CNN couldn’t, Schwartz, Eliot Ness, MAGA, “ MAGA, , White, CNN’s Fareed Zakaria, Inflation Trump, Bacon, Joe, PolitiFact, Trump . Howard Gleckman Organizations: Washington CNN —, CNN, Republican, Trump Trump, Republican Jewish Coalition, Department, ISIS, Trump’s, Democratic, Congress, Defense Department, former Defense Department, Center, US Customs, Trump, American Enterprise Institute, Air Force, Army, Navy, Marine Corps, Strategic Petroleum Reserve, Energy Security, Center for Strategic, International Studies, US, IHS, Islamic, The State Department, Customs Enforcement, Policy Institute, ICE, El Salvador, , Merriam, The New York Times, Food and Drug Administration, FDA, Abraham Accords, United Arab Emirates, West Bank, Hezbollah, State Department, Carnegie Endowment, International, Arab Center Washington DC, Islamic Revolutionary Guards Corps Quds Force, Obama, US International Trade Commission, Washington Post, U.S . 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In a series of reports on countries wanting to join the bloc's ranks, the EU’s executive branch recommended that war-ravaged Ukraine should be permitted to open membership talks, once it’s addressed some shortfalls. “Moldova is the subject of constant destabilization efforts against its democracy,” European Commission President Ursula von der Leyen said. For 20 years, the prospect of EU membership has been a powerful driver of pro-democratic reform in aspiring countries. The commission said that it should only start membership talks after more progress is made. The country started its EU membership talks in 2005, but they have ground to a halt in recent years.
Persons: it’s, , Ursula von der Leyen, , von der Leyen, Turkey's, backsliding Organizations: , European Union, European Commission, Georgia, EU, Kosovo –, Kyiv “ Locations: BRUSSELS, — Ukraine, Moldova, Georgia, Ukraine, Brussels, Hungary, Slovakia, Balkans, Albania, Bosnia, Montenegro, Serbia, Kosovo, Bosnian, Turkey, Europe
Italy is even going outside the EU to establish links with the United Kingdom to crack down on unwanted arrivals. Hungarian Prime Minister Viktor Orbán was blunt about how far Europe's leaders still are from reaching a consensus before they met in Granada, Spain. Orbán, who has pushed back against EU policy repeatedly and taken a hard-line approach against migration, said that he won't sign off on any deal at any point in the foreseeable future. He went as far as to compare the situation to being “legally raped” by Hungary's fellow EU members. “The agreement on migration, politically, it’s impossible — not today (or) generally speaking for the next years," Orbán said.
Persons: Viktor Orbán, Orbán, , Mateusz Morawiecki, Ursula von der Leyen, , Roberta Metsola, ” Metsolas, Giorgia, Rishi Sunak, ___ Wilson, Raf Casert, Ciarán Giles, Colleen Barry, Vanessa Gera, Danica Kirka Organizations: European Union, EU, International Organization for Migration, Giorgia Meloni, della, The Times Locations: GRANADA, Spain, Brussels, Hungary, Poland, Italy, United Kingdom, Granada, Syria, Turkey, Libya, Tunisia, Morocco, Malta, Greece, Cyprus, Ukraine, Lampedusa, London, Africa, El Hierro, Senegal, Barcelona, Madrid, Milan, Warsaw
“Global markets are now flooded with cheaper Chinese electric cars, and their price is kept artificially low by huge state subsidies. This is distorting our market,” European Commission President Ursula von der Leyen told EU lawmakers in Strasbourg, France. “As we do not accept this distortion from the inside in our market, we do not accept this from the outside,” von der Leyen said. “So, I can announce today that the commission is launching an anti-subsidy investigation into electric vehicles coming from China.”China’s leaders have helped make the country the biggest market for electric vehicles by investing billions of dollars in subsidies to get an early lead in what is seen as a promising industry. We must defend ourselves against unfair practices,” von der Leyen said.
Persons: Ursula von der Leyen, ” von der Leyen, , Geely Organizations: , Global, BYD, Volvo Locations: BRUSSELS, China, Strasbourg, France, Japan, Europe, “ Europe
CNN —Moldovan soccer player Violeta Mitul has died aged 26 in a “tragic accident,” European soccer’s governing body UEFA announced on Friday. Violeta Mitul was playing club soccer in Iceland. Ettore Griffoni/LiveMedia/ShutterstockMitul joined Icelandic club Einherji earlier this year but had previously played for clubs in Spain, Italy, Ukraine and Kazakhstan. Moldova did not qualify for this year’s Women’s World Cup but Mitul played in all 10 of her country’s qualifying matches. CNN has reached out to her club Einherji and the Moldovan Football Association.
Persons: Violeta Mitul, , , Ettore Griffoni, Shutterstock Mitul, Mitul Organizations: CNN — Moldovan, UEFA, ” UEFA, Einherji, Moldovan, Tiraspol, Vasas, CNN, Moldovan Football Association Locations: Europe, Iceland, Spain, Italy, Ukraine, Kazakhstan, Romanian, Moldova
For Europe, energy security has always been a trade-off: Cheap, imported energy comes with the risk of dependency on the countries from which it originates. Europe had an especially mild winter while governments and citizens made a concerted effort to use less gas. Despite these efforts, officials and analysts are fearful that however impressive these advancements have been, Europe’s energy is far from secure in the long term. And when it comes to energy security, dependency ultimately brings us back to that classic trade-off: economics versus risk. China is not the only threat when it comes to energy security in Europe.
Persons: guzzled, Vladimir Putin, , Sean Gallup, Koen van Weel, , Milan Elkerbout, Kevin Frayer, Ursula von der Leyen, Von der, Adam Bell, it’s, Ursula von der, Yves Herman, Velina Tchakarova, ” Tchakarova Organizations: CNN, Ukraine, European Union, EU, Getty, Center for European Policy Studies, China . Workers, China Locations: Ukraine, Europe, Russia, Moscow, European, Lubmin, Germany, Port, Rotterdam, Netherlands, Qatar, Nigeria, China, Huainan, Anhui province, Brussels, Beijing, Belgium, Taiwan, cyberattacks . China, Saudi Arabia, Khazakstan, Libya
London CNN —The UK economy badly needs a boost — and the government hopes the nation’s vast pension savings might deliver one. All UK workplace pension plans offer default funds, which savers who don’t choose their own investment strategy are automatically enrolled into. Measures to tap pension fund cash come at a crucial time for an economy suffering from stubbornly high inflation, depressed investment and feeble growth. UK pension funds’ exposure to domestic stock markets has fallen even more sharply: from 53% in 1997 to 6% in 2021. The combination of measures is likely to have “far-reaching” effects on the types of assets pension funds invest in, easing companies’ access to the capital they need to grow, he added.
Persons: Jeremy Hunt, Mercer, ” Hunt, Hunt, , , Nicholas Lyons, Julia Hoggett, Nigel Peaple Organizations: London CNN, Aviva, London, European, London Stock Exchange, Nasdaq, EU, chipmaker ARM, House, of London Corporation, City of, Financial, New Financial, Pension, Lifetime Savings Association Locations: London, Britain, Frankfurt, Paris, New York, United States, United Kingdom, Edinburgh, City of London
On Monday morning, Turkish President Recep Tayyip Erdogan told reporters that Sweden’s membership of NATO should be linked to Turkey’s membership of the European Union. And the Turkish president, officials are aware, is very good at using any leverage he has to extract things he wants from his Western allies. Erdogan, European officials have repeatedly said, knew that he had Brussels over a barrel as he could effectively “flood” Europe with refugees at will. It is therefore a headache, but not a huge shock, that Erdogan is using a key international summit to play his best hand. NATO, remarkably, has remained united for most of the war and has gone beyond what most expected was possible.
Persons: Jens Stoltenberg, Recep Tayyip Erdogan, ” Erdogan, Erdogan, Zelensky, Ozan, Putin, Christine Olsson, Joe Biden’s, , , , Biden – Organizations: CNN, NATO, European Union, West, Kurdistan Workers ’ Party, Kremlin, Kurdistan Workers ' Party, TT, Agency, AFP, Getty Locations: Lithuanian, Vilnius, Sweden, Finland, Russia, Ukraine, Turkey, Brussels, Ankara, Turkish, Syria, geopolitically, Europe, Kremlin
CNN —NATO officials are in a race against time to avoid the embarrassment of seeing the alliance miss its own stated aim of admitting Sweden to the alliance by July 11. Sweden has a permanent delegation at NATO and is considered a close partner to the alliance, meaning joining should be relatively straightforward. The second is that Turkey isn’t the only fly in the ointment: Hungary also objects to Sweden joining NATO. Sweden joining NATO would be the latest in a long list of good news stories for the alliance since Russia invaded Ukraine. That’s precisely why officials are so concerned about Turkey vetoing Sweden’s accession on NATO’s own timetable.
Persons: it’s, Recep Tayyip Erdogan’s, Christine Olsson, Erdogan, Putin’s, Putin, , “ Erdogan, Yves Herman, , Emmanuel Macron, Turkey vetoing Organizations: CNN, NATO, Russia, Kurdistan Workers ’ Party, Turkish, Reuters, TT, Agency, AFP, Sweden –, European Union, Diplomats, US, EU Locations: Sweden, Finland, Ukraine, Russia, Turkey, East, Europe, Ankara, Turkish, Stockholm, Lithuanian, Vilnius –, Atlantic, North Korea, China, , Eastern European, Brussels, Hungary, United States, United Kingdom, Asia
“Russian diamonds are not forever,” European Council President Charles Michel said on the sidelines of the G7 summit in Hiroshima, Japan, on Friday. Tatyana Makeyeva/ReutersA ban on Russian diamonds could inflate prices for European consumers, especially if diamond production elsewhere doesn’t ramp up. The biggest task facing Europe is how to design an air-tight ban that prevents Russian diamonds from arriving in the bloc through circuitous routes. “There are a lot of Russian diamonds that still get sold within the American economy,” he said. “If you really want to close loopholes, you need to find a system that prevents [Russian] diamonds going to the G7 market,” Neys said.
Not everyone agrees the global economy is heading for a recession. Excluding the global financial crisis and the worst stage of the pandemic, that would be the weakest year for the world economy since 2001. Whether a global recession materializes may come down to three factors: what central banks do next, the consequences of China’s nascent reopening and energy prices. What a global recession meansWhether the world falls into recession or not, the next 12 months are likely to be difficult. Even if a global recession is averted, many countries could still endure downturns accompanied by painful rises in unemployment, though economists don’t agree on how severe and long they might last.
Sabotage was behind underwater explosions that sent gas spewing from two major pipelines connecting Europe and Russia, Western leaders concurred Wednesday. NATO Secretary General Jens Stoltenberg said he discussed the “sabotage” of the pipelines at a meeting with Denmark’s defense minister in Brussels. The incident has put the region on edge, months after fears of a Russian military threat to the Baltics dissipated in the wake of its military’s struggles in Ukraine. A new Baltic pipeline allowing gas to be delivered from Norway through Denmark to Poland was inaugurated Tuesday. In recent weeks, Moscow has increasingly framed the war as not just with Ukraine but its Western backers, too.
London CNN —Western nations have said leaks in two Russian gas pipelines, Nord Stream 1 and 2, are likely the result of sabotage. What happened on the Nord Stream pipelines? Swedish authorities first sounded the alarm on Tuesday about leaks in the Nord Stream 1 and Nord Stream 2 pipelines – both of which run under the Baltic Sea near Sweden and Denmark. The two Nord Stream pipelines designed to transport Russian gas to the EU were years in the planning. The damage to the Nord Stream pipelines may spell an ignominious end for the 25-year project, at least for the near future.
Țările Uniunii Europene au căzut de acord, miercuri, să lanseze certificatul destinat călătoriilor pentru a redeschide turismul în această vară. Statele membre vor fi obligate să recunoască vaccinurile aprobate de UE. Ambele vor avea un cod QR care va conține informații esențiale necesare, precum și o semnătură digitală care să ateste autenticitatea adeverinței. O problemă legată de standardizarea și interoperabiliatea datelor la nivelul UE o reprezintă exact acest cod QR și, mai ales, ce se află „în spatele lui”: informații medicale, felul în care acestea sunt procesate și stocate. Fiecare guvern dispune de resurse și grade diferite de digitalizare la nivelul administrației publice și instituțiilor medicale și de sănătate publică.
Persons: Reuters, UE . Organizations: Uniunii Europene, UE, Comisia Europeană, OMS, Agerpres, Parlamentul, Europeană, Uniunea Europeană, PCR, Pass Locations: UE, eurodeputați, Statele, Islanda, Norvegia, Elveţia şi Liechtenstein, Rusia, China, Estonia, Franța, străinătate, Europa
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