Wall Street

EU must stick with Ukraine despite economic pain -European Commission

Published by
Reuters UK

By Noah Browning BRUSSELS (Reuters) -Europe must keep up its support for Ukraine even as faltering Russian gas supplies raise recession fears, a senior EU official said, adding that a shift towards using coal to fill an energy gap would be temporary and not derail climate goals. The European Union and other developed economies have widened sanctions on Russia to include its oil and coal but have held off on banning gas imports, which account for 40% of the bloc’s needs. However, gas prices have hit record highs as a slowdown in flows from Russia in recent days has deepened worries over supply …

Read More

Share this Story
Load More Related Articles
Load More In Wall Street