When the world gets closer.

We help you see farther.

Sign up to our expressly international daily newsletter.

Economy

Europe's Winter Energy Crisis Has Already Begun

in the face of Russia's stranglehold over supplies, the European Commission has proposed support packages and price caps. But across Europe, fears about the cost of living are spreading – and with it, doubts about support for Ukraine.

-Analysis-

In her State of the Union address on September 14, European Commission chief Ursula von der Leyen, issued an urgent appeal for solidarity between EU member states in tackling the energy crisis, and towards Ukraine. Von der Leyen need only look out her window to see that tensions are growing in capital cities across Europe due to the sharp rise in energy prices.

Stay up-to-date with the latest on the Russia-Ukraine war, with our exclusive international coverage.

Sign up to our free daily newsletter.

In the Czech Republic, people are already taking to the streets, while opposition politicians elsewhere are looking to score points — and some countries' support for Ukraine may start to buckle.

With winter approaching, Europe is facing a true test of both its mettle, and imagination.

Watch Video Show less

Lithuania And Russia: A David-Goliath Standoff Getting Riskier By The Day

Vilnius is reportedly working out new rules with Brussels on allowing the transit of sanctioned Russian goods through Lithuania to the Kaliningrad enclave. But in the meantime, restrictions remain — and so does defiance vis-à-vis Moscow.

KALININGRAD — At a hardware store in Kaliningrad, men and women are heaving bags of cement into their shopping carts, while others film them on their mobile phones in disbelief. This scene, which did the rounds on social media in June, sums up the atmosphere in the Russian exclave bordered by Poland and Lithuania.

Stay up-to-date with the latest on the Russia-Ukraine war, with our exclusive international coverage.

Sign up to our free daily newsletter.

The anxiety in Russia’s westernmost territory is palpable. Some residents are worried there will be shortages of products that were easily obtainable before restrictions came into force, while others are hoping everything will stay the same.

The population of Kaliningrad Oblast sits at around a million — of which 800,000 live in the city itself. Now they are in limbo. Lithuania’s implementation of EU sanctions means that although land routes to Russia are not completely shut off, the supply situation in the Russian exclave is uncertain.

Keep reading... Show less

Major New EU Sanctions Against Russia Include Ban On Oil Imports

Testimonies are emerging of civilians being evacuated from Mariupol and Lyman, as Russian attacks on Ukrainian cities continue. Meanwhile, the EU has revealed plans to enforce its sixth package of sanctions against Moscow.

EU Commission President Ursula von der Leyen has announced a new package of sanctions against Russia. Speaking to the European Parliament on Wednesday morning, von der Leyen unveiled plans to ban Russian oil imports as well as a proposal to ban three banks, including Sberbank, the country’s biggest, from the SWIFT international payments networks.

Stay up-to-date with the latest on the Russia-Ukraine war, with our exclusive international coverage.

Sign up to our free daily newsletter.

Von der Leyen also announced that three big Russian state-owned broadcasters “that amplify Putin's lies and propaganda aggressively” would be banned from EU airwaves. The proposal needs to be approved by all EU member states to become effective.

The ban on oil poses a serious risk to the European economy, and will require countries to seek other energy sources after having long been reliant on Russian supply.

"Let's be clear: It will not be easy,” said von der Leyen. “But we simply have to work on it. We will make sure that we phase out Russian oil in an orderly fashion, to maximize pressure on Russia, while minimizing the impact on our own economies."

Keep reading... Show less
EXPLORE OTHER TOPICS