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The European Commission, on behalf of the EU, has today disbursed the first half (€500 million) of a new €1 billion macro-financial assistance (MFA) operation for Ukraine. The second tranche (another €500 million) was disbursed on 2 August. The decision about this new exceptional MFA was adopted by the European Parliament and the Council on […]
Economic Watch: European economy bears brunt of sanctions blowback-
BRUSSELS, April 25 (Xinhua) -- The European Union (EU) has slapped a total of five rounds of sanctions on Russia since the conflict between Russia and Ukraine e
The European Union (EU) has slapped a total of five rounds of sanctions on Russia since the conflict between Russia and Ukraine erupted about two months ago. The sanctions, which are aimed to cripple the Russian economy, have not achieved the desired effect. Instead, the blowback of the sanction measures is eating into the European ...