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Russia’s war on Ukraine has sent global food prices soaring. It has fuelled inflation in the European Union, the United States and many other countries, while threatening hunger in some poorer regions. Russia and Ukraine play a major role in food and fertiliser supply. They export about 30 per cent of the world’s wheat and 75 per cent of its sunflower oil. Some countries in Africa and the Middle East are nearly 100-per cent dependent on Russian or Ukrainian food. According to the United Nations Food ...

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 ...

EU Heads of State or Government will discuss war-torn Ukraine’s bid to join the EU when they meet at a regular European Council meeting in Brussels next week. The leaders are expected to discuss Ukraine’s request to gain the status of official EU candidate along with French President Emmanuel Macron’s plan to create a ‘European Political Community’, with Ukraine as a member, as news media have reported, quoting draft Council conclusions. The meeting on 23-24 June is unlikely to make any firm decisions ...

The European Union's governments, the European Parliament and European Commission have agreed on key regulations that will overhaul the EU’s digital market and increase the Union’s digital sovereignty in a field dominated by big US companies. The Digital Markets Act and Digital Services Act aim to make the digital market in Europe more transparent, safe and accountable. The planned legislative changes will introduce new rules for online digital players, such as intermediary services, hosting services ...

Russian President Vladimir Putin used his speech at the annual Victory Day over Nazi Germany, on 9 May, to mobilise support among the country's citizens for its 11-week-old war on Ukraine, claiming that Moscow had to defend itself against imminent attack. Recently, Russia has shifted its military efforts towards the east and south-east of Ukraine, as well as to the bombing of critical infrastructure, after it failed to capture Kyiv, the capital. In some areas abandoned by the Russian forces, Ukrainian ...

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 ...