MOSCOW/BRUSSELS, March 21 (Reuters) – Russian shares fell
sharply on Friday as investors took fright at tougher than
expected U.S. sanctions against President Vladimir Putin’s inner
circle over Moscow’s seizure of Crimea from Ukraine.
The United States added 20 names to its sanctions blacklist,
including Kremlin banker Yuri Kovalchuk and his Bank Rossiya,
oil and commodities trader Gennady Timchenko and the brothers
Arkady and Boris Rotenberg, who are linked to big contracts on
gas pipelines and the Sochi Olympics, as well as Putin’s chief
of staff and his deputy, the head of military intelligence and a
BRUSSELS, March 20 (Reuters) – Europe has a range of options
to shore up its energy security and cut dependence on Russian
supplies, including asking the United States to export more gas
and working with Iraq, a British government document says.
Following Russia’s annexation of Ukraine’s Crimea region,
talks between European Union leaders in Brussels on Thursday and
Friday are focusing on how Europe can make itself less reliant
on Russian gas pumped via Ukraine.
BRUSSELS, March 18 (Reuters) – A reverse-flow pipeline deal
to ship gas from Slovakia to Ukraine could be agreed before the
end of April, European Energy Commissioner Guenther Oettinger
said on Wednesday.
The Commission, the EU executive, has been pushing for
months to reach an agreement on a link from Slovakia to shore up
Ukraine’s gas supplies and reduce its dependence on Russia.
BRUSSELS/LONDON (Reuters) – European Union leaders are preparing to set an October deadline for agreeing on the bloc’s 2030 climate and energy goals, a draft document seen by Reuters shows.
At a meeting this Thursday and Friday, according to the draft, “The European Council will take stock of progress made on these issues at its meeting in June … with a view to taking a final decision on the new policy framework as quickly as possible and no later than October 2014.”
BRUSSELS, March 19 (Reuters) – European leaders will seek
ways to cut their multi-billion-dollar dependence on Russian gas
at talks in Brussels on Thursday and Friday, while stopping
short of severing energy ties with Moscow for now.
Russia’s seizure of Ukraine’s Crimea region has revived
doubts about whether the European Union should continue to rely
on Russia for nearly a third of its gas, providing Gazprom
with an average of $5 billion per month in revenues.
Some 40 percent of that gas is shipped via Ukraine.
BRUSSELS, March 18 (Reuters) – European truck design will be
transformed to make driver cabs more aerodynamic, cutting
emissions and improving safety, under new rules backed by EU
politicians on Tuesday.
The lawmakers also effectively delayed the lifting of a ban
on allowing megatrucks, which are almost as long as medium-sized
aircraft, to cross borders.
BRUSSELS (Reuters) – U.S. President Barack Obama and European Union leaders will promise to remove all tariffs on bilateral trade at a summit on March 26, an ambitious step towards the world’s largest free-trade deal, according to a draft statement seen by Reuters.
The joint declaration, if delivered as laid out in the draft, seeks to overcome tensions following Washington’s offer to cut its duties by less than the Europeans had hoped for and after Brussels pledged to remove almost all of its own tariffs.
BRUSSELS (Reuters) – U.S. President Barack Obama and EU leaders meeting in Brussels this month will throw their combined weight behind tackling climate change, a document seen by Reuters says, in a show of developed world solidarity on the need for a new global deal.
But the guarded, diplomatic language is likely to disappoint environmentalists calling for urgent, ambitious pledges to cut greenhouse gas emissions.
LONDON/BRUSSELS, March 13 (Reuters) – A number of EU
politicians plan to vote against a deal to exempt long-haul
flights from paying for carbon emissions until the end of 2016
in an attempt to prevent the European Union from bowing to
The European Parliament’s 71-member Environment Committee
will vote on March 19 on a deal brokered by EU diplomats earlier
in March to extend a so-called “stop the clock” measure
exempting intercontinental flights from regulation under its
Emissions Trading System (ETS).
BRUSSELS, March 12 (Reuters) – EU politicians on Wednesday voted for tougher
rules on exposing the environmental impact of oil and conventional gas
exploration, while excluding shale gas.
Member states such as Britain and Poland are pushing hard for the
development of shale gas, seen as one way to lessen dependence on Russian gas,
as well as to lower energy costs as it has in the United States.