Russia increases its emergency spending fund by $3.5 billion
The Russian government said on Sunday it has increased its reserve fund used for emergency spending by 273.4 billion roubles ($3.52 billion) to ensure economic stability against the backdrop of Western sanctions over Ukraine.
European Union slashes 10% of Russian imports with new sweeping sanctions
The European Union on Friday formally adopted new sweeping sanctions against Russia, including bans on the import of coal, wood, chemicals and other products which were estimated to slash at least 10% of total imports from Moscow.
Clock ticks down towards a Russian default
Russia could face its first sovereign external default in over a century after it made arrangements to make an international bond repayment in roubles earlier this week, even though the payment was due in U.S. dollars.
Italian Exhibition Group: A Sunny result for the first edition of sec the photovoltaic event
The first edition of SEC - Solar Exhibition and Conference by Key Energy, Italian Exhibition Group's “vertical” solar and photovoltaic event, closed successfully today at Rimini Expo Centre . Three days of technological showcasing one of the most central sectors for energy transition and, therefore, for the global economy, at a time when international tensions on energy supplies are so much in the public eye.
EU executive in new bid to cut funds to Hungary for weakening democracy
The European Union executive started a new disciplinary procedure against Hungary on Tuesday in a step that could lead to freezing funding for Prime Minister Viktor Orban for undercutting liberal democratic rights.