Deputy Energy Editor, EMEA
Barbara's Feed
Jul 24, 2014

EU’s planned sanctions against Russia to hit South Stream, Yamal LNG

LONDON/BRUSSELS (Reuters) – The European Union’s proposed sanctions against Russia, targeting sensitive technology, take aim at Gazprom’s huge South Stream gas pipeline project to Europe and Novatek’s Arctic Yamal liquefied natural gas (LNG) facility.

A draft proposal outlines a package of targeted measures in the areas of access to capital markets, defense, dual use goods and sensitive technologies, EU diplomats said on condition of anonymity.

Jul 24, 2014

EU targets state-owned Russia banks in sanctions draft

BRUSSELS (Reuters) – The European Union would target state-owned Russian banks and their ability to finance Moscow’s faltering economy in its most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday, diplomats said.

Ambassadors of the 28-nation bloc met in Brussels to discuss options drafted by the executive European Commission in response to the downing of a Malaysian airliner in an area of eastern Ukraine held by Russian-backed separatists.

Jul 23, 2014

EU says could halt technology for Russia to develop Arctic oil and gas

BRUSSELS, July 23 (Reuters) – The European Union should not
give Russia technical help to develop Arctic oil and gas fields
if Moscow does not help to defuse the Ukraine crisis, EU Energy
Commissioner Guenther Oettinger said on Wednesday.

EU officials have always said energy should not be used as a
weapon in attempts to solve the crisis over Russia’s actions in
Ukraine.

Jul 23, 2014

EU Commission agrees 30 percent energy savings goal for 2030: sources

BRUSSELS (Reuters) – The European Commission agreed on Wednesday to put forward a target to improve energy efficiency by 30 percent as part of a package of climate and energy policy for 2030, EU sources said.

Member states will decide whether the target should be binding on individual nations or at an EU-wide level, said two sources, requesting anonymity as they are not authorized to speak to the media.

Jul 23, 2014

EU Commission agrees 30 pct energy savings goal for 2030-sources

BRUSSELS, July 23 (Reuters) – The European Commission agreed
on Wednesday to put forward a target to improve energy
efficiency by 30 percent as part of a package of climate and
energy policy for 2030, EU sources said.

Member states will decide whether the target should be
binding on individual nations or at an EU-wide level, said two
sources, requesting anonymity as they are not authorised to
speak to the media.

Jul 22, 2014

France backs 30 percent energy efficiency goal-letter

BRUSSELS (Reuters) – France’s energy minister threw her weight behind an energy savings goal of at least 30 percent for 2030 ahead of talks in Brussels on Wednesday to thrash out a target.

Energy efficiency has gained popularity in the context of the Ukraine crisis as EU member states seek to do all they can to reduce the need for imported Russian energy.

Jul 21, 2014

European sanctions on Russia seen limited for now

BRUSSELS, July 21 (Reuters) – For all the tough talk, Europe
is unlikely to punish Russia over last week’s downing of an
airliner over Ukraine beyond speeding up the imposition of
already agreed individual sanctions when the bloc’s foreign
ministers meet on Tuesday.

The severity of future European Union sanctions could depend
on the Netherlands, which suffered the greatest loss of life
when the Malaysia Airlines flight was brought down.

Jul 21, 2014

European sanctions on Russia seen limited for now, despite tough talk

BRUSSELS, July 21 (Reuters) – For all the tough talk, Europe
is not likely to punish Russia over last week’s downing of an
airliner over Ukraine beyond speeding up the imposition of
already agreed individual sanctions when the bloc’s foreign
ministers meet on Tuesday.

The severity of future European Union sanctions could depend
on the Netherlands, which suffered the greatest loss of life
when the Malaysia Airlines flight was brought down.

Jul 16, 2014

EU to target Russian firms with sanctions, block loans

BRUSSELS (Reuters) – European Union leaders agreed on Wednesday to sanction Russian companies that help destabilise Ukraine and to block new loans to Russia through two multilateral lenders.

The decision is a significant ratcheting-up of European pressure on Russia although it falls short of the hard-hitting economic measures against Russia for which the United States and hawks in the EU were pushing.

Jul 16, 2014

EU wants to block new loans to Russia through EIB, EBRD-draft

BRUSSELS (Reuters) – European Union leaders want to block loans for new projects in Russia by two multilateral lenders and broaden the scope of other sanctions in response to Moscow’s actions in Ukraine, according to a draft statement seen by Reuters.

The EU leaders, who meet in Brussels later on Wednesday, will step up sanctions because pro-Russian rebels in eastern Ukraine have not met their demands to end the violence there.