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30/08/2022 ---- 31/08/2022

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31.08.2022
THEME: POLITICS

EU decides to suspend the visa agreements with Russia

Today the European Union has decided to fully suspend a 2007 visa agreement with Russia and intensify scrutiny over the future applications submitted by Russian tourists. The suspension of the agreement is expected to significantly hinder the visa application process, making it much more expensive, burdensome and drawn-out for Russian nationals planning to visit the bloc. "It’s going to be more difficult and longer, and consequently the number of new visas will be substantially reduced," said Josep Borrell, the EU's foreign policy chief, at the end of an informal meeting of foreign affairs ministers in Prague. While this move demonstrates the EU resolve about the Ukraine matter, some argue that it may strengthen Putin’s regime.

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30.08.2022
THEME: POLITICS

EU struggle with gas pricing anticipates a hard winter energy crisis

EU has been struggling with a growing gas pricing since the beginning of the Ukraine crisis. With Gazprom - Russia’s state controlled energy giant - reducing the gas flux towards EU, and temporarily stopping them for alleged maintenances, prices at the Title Transfer Facility (TTF) - the continent's leading trading hub - reached €321 per megawatt-hour, a stratospheric figure compared to the €27 set a year ago. Some European countries, like Poland, Bulgaria and Finland, have already had their supplies cut off, while others (Germany, Austria, Denmark, Italy, the Netherlands, etc.) have seen their deliveries significantly reduced. Ministers and leaders in EU are now discussing measures: stocks are being cumulated and energy-saving measures are being implemented. Leaders will also meet to decide wether a gap to the energy price should be implemented. Despite such efforts, some are already announcing that companies may face energy ‘rationing’ this winter.

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