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Inflation has risen to levels not seen in 40 years in the euro area or in many other countries, forcing some central banks to raise interest rates in a context that bodes ill for economic growth. Initially driven by post-pandemic supply shortages and then by soaring energy prices, following Russia's invasion of Ukraine, inflation is now becoming increasingly broadly based, affecting everything from food and services to household goods. Dissatisfaction with the rising cost of living is leading to ...

Russia’s war on Ukraine has boosted the already high prices of oil and gas in the European Union, posing a question mark over sustainable deliveries of energy to the bloc. The EU is heavily dependent on Russia for its oil and gas. In 2021, two-fifths of the gas Europeans burned came from Russia. More than a quarter of the EU’s imported crude oil came from the country. The European Commission has announced plans to cut the EU’s dependence on Russian gas by two-thirds this year. Meanwhile, Russia has ...

EU officials say that the 23rd summit between the European Union and China on Friday 1 April will focus on Russia’s war on Ukraine, the engagement of the international community to support Ukraine, the dramatic humanitarian crisis created by the conflict, its destabilising nature for the international order and its inherent global impact. The meeting, to be conducted by video-conference, is also expected to discuss bilateral issues and areas of shared interest, such as climate change, biodiversity ...

Inflation has reached the highest level in decades in the European Union, United States and many other countries, with the Ukraine conflict adding upward pressure on prices of energy and food. The Russian invasion has intensified the already near-record growth of consumer prices resulting from the coronavirus pandemic and broken supply-chains. The war has sharply curbed supply of energy, wheat and other products from Russia and Ukraine, their major producers. The countries' exports look set to dwindle ...

Russia’s armed forces have increased their bombardment and shelling of Ukrainian cities, stepping up the war launched on 24 February. However, new talks between Moscow and Kiev about a future status for Ukraine outside NATO have raised hopes about a possible breakthrough in the biggest military conflict in Europe since World War II. Ukrainian President Volodymyr Zelenskiy has renewed calls on NATO to establish a ‘no-fly zone’ over Ukraine. Instead, the West has imposed tough sanctions against Russia ...

Many politicians and analysts have been arguing in recent years that, being highly vulnerable to external shocks, the European Union should boost its ‘strategic autonomy’ and/or develop a higher degree of ‘European sovereignty’. These concepts encompass a greater potential for independence, self-reliance and resilience in a wide range of fields – such as defence, security and trade, as well as in industrial, digital, economic, migration and health policies. Russia’s military offensive in Ukraine ...

Russia invaded Ukraine on 24 February, launching the biggest military offensive in Europe since World War II. Moscow's incursion into the territory of its south-western neighbour and attempts to capture major cities – notably Kyiv, the capital – have met with firm resistance, thwarting President Vladimir Putin's reported plans for a quick conquest and installation of a subservient government. The United States, the European Union and many other countries have imposed harsh sanctions on Russia, including ...

Russia’s military build-up around Ukraine, as well as fears of an armed conflict between the two countries, have highlighted the importance of the on-going debate about how to strengthen the European Union’s Common Security and Defence Policy (CSDP). On 17 February, the European Parliament adopted resolutions calling for a more ambitious CSDP, to counter threats such as terrorism, cyber-attacks, exploitation of migration for political purposes, and foreign interference. The Parliament has also welcomed ...

Russia continues to strengthen its military presence around the Ukrainian border, despite intensive diplomatic activity to ward off a feared armed conflict between the countries. Russia has amassed more than 100 000 troops, as well as ships, aircraft, rocket launchers and other heavy weaponry near Ukraine, prompting some politicians and analysts to say that war may be imminent. Others believe Russian President Vladimir Putin is still playing a diplomatic game, aimed, among other goals, at bringing ...

Russia’s military build-up along its border with Ukraine, and its masterminding – alleged by many politicians and analysts – of the refugee crisis on the borders of Belarus with Poland and Lithuania, have sparked concerns over the implications of Moscow’s aggressive foreign policy. Russia has amassed nearly 100 000 troops near the Ukrainian border, provoking renewed fears that Moscow is about to invade, seven years after it annexed the Crimean peninsula and destabilised the eastern regions of Ukraine ...