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Search resuls for: "Gabriela Baczynska John Chalmers"


3 mentions found


☆ EU locked in intensifying tug-of-war with Hungary over money
  + stars: | 2022-12-09 | by ( Gabriela Baczynska John Chalmers | Gabriela Baczynska | John Chalmers | ) www.reuters.com   time to read: +4 min
The EU has blocked the funds over worries around corruption and poor judicial independence in Hungary, which in turn vetoed the EU loan to Kyiv and a proposal for a global corporate tax. "I note the efforts made so far by Hungary to address several of the remedial measures," EU Budget Commissioner Johannes Hahn wrote in a letter. Orban, in power since 2010, has cultivated close ties with Moscow and repeatedly stalled EU sanctions against Russia. International watchdogs say Orban has long channelled EU funds to associates to entrench himself in power. It has also been withholding approval of some 5.8 billion euros for Hungary from an EU fund set up to help countries recover from the COVID pandemic, citing insufficient independence of courts from politicians.
☆ Persistent EU rifts seen delaying any approval of gas price cap
  + stars: | 2022-11-11 | by ( Gabriela Baczynska John Chalmers | Gabriela Baczynska | John Chalmers | ) www.reuters.com   time to read: +2 min
BRUSSELS, Nov 11 (Reuters) - Belgium, Greece, Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate an acute energy crunch because they are angry that a gas price cap is not among detailed proposals, diplomats said. Persistent disagreements between the 27 EU countries raise the prospect that the bloc's energy ministers will not be able to give a final approval to the cap at a meeting on Nov. 24 as had been expected. The four countries told a meeting of national envoys to the European Union that they wanted a comprehensive proposal on the cap from the EU's executive European Commission before Nov. 24, according to four diplomatic sources. The European Commission - which drafts EU laws for approval by member countries - reacted by promising to put forward an outline of a gas cap in time for the discussion on Nov. 24. But they could if they build a broader coalition among most of the EU states that have been calling for months for a gas cap to bring down high market prices.
☆ EU eyes oil price cap, more curbs on high-tech exports in new Russia sanctions -sources
  + stars: | 2022-09-22 | by ( Gabriela Baczynska John Chalmers | Gabriela Baczynska | John Chalmers | ) www.reuters.com   time to read: +3 min
Three EU diplomats in Brussels said new sanctions would centre around an oil price cap to match that agreed by the G7 most industrialised global powers - a gathering where EU states France, Germany and Italy also sit. The person added the oil cap should take effect from December, along with the EU's embargo on Russian coal, while tighter export restrictions for high-tech products are meant to hamstring Russia's battlefield capabilities. Further curbs on luxury goods exports to Russia were also on the table. Others, however, warned the latter was unlikely to get the unanimous backing of all EU countries necessary to introduce sanctions. Register now for FREE unlimited access to Reuters.com RegisterWriting by Gabriela Baczynska; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
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