Moscow warned Friday that state-linked foreign firms in Russia could be targeted for retaliation to the freezing of Russian official assets in Western Europe over legal claims from former Yukos shareholders. Russian officials said state accounts were frozen in Belgium, and representatives of claimants from the defunct oil firm claimed state assets were also blocked in France. Foreign Minister Sergei Lavrov said in televised comments that Russian entities impacted by the moves were preparing to go to court to force the freezing of the assets of “foreign companies with government involvement” in Russia.
Category Archives: EU
U.S. stocks edged lower in Friday morning trading, a day after big gains pushed the Nasdaq composite to a record high.
BRATISLAVA, Slovakia (AP) — Hungary’s prime minister says his government’s plan to build a 4-meter (13-foot) high fence on the border with Serbia to stop the flow of migrants will also protect Europe “from every illegal entry.”
A right-wing eurosceptic party that was one of the biggest winners in Denmark’s parliamentary election stood by demands including a referendum on European Union membership as its price for joining any center-right coalition. The Danish People’s Party (DF) made big gains to become the second largest party in a new parliament after Thursday’s vote, behind the defeated center-left Social Democrats of caretaker Prime Minister Helle Thorning-Schmidt. The center-right bloc as a whole garnered more seats in parliament than her center-left alliance and the mainstream Liberals are expected to attempt to form a coalition government with former premier Lars Lokke Rasmussen …read more
Russia and Greece agreed Friday to sign a preliminary agreement to build a gas pipeline, with the two countries coming together amid a raging debt crisis in Athens and new Western actions against Moscow. President Vladimir Putin was set to meet Greek Prime Minister Alexis Tsipras later Friday on the sidelines of an investment forum overshadowed by Russia’s economic crisis and standoff with the West. Tsipras is among the few guests of honour at the Saint Petersburg International Economic Forum, and the two leaders are scheduled to discuss the debt crisis in Greece, which could default on looming loan payments …read more
The Organization for Security and Co-operation in Europe called Friday for countries to treat migrants “humanely”, as the EU struggles to cope with tens of thousands of people arriving in rickety boats. “Ahead of World Refugee Day, we have to be aware of our responsibility to treat refugees and migrants humanely,” said Michael Georg Link, head of the OSCE’s Office for Democratic Institutions and Human Rights. Recent events “have raised the question of the treatment of refugees to the top of policy agendas,” he was quoted in a statement as saying in Hungary, where the government this week announced plans …read more
MYTILENE, Greece (AP) — An inflatable dinghy touches the shore in darkness. Dozens of men, women and children jump into the shallow water, stumbling on unseen rocks as they scramble onto a narrow strip of seaweed-strewn beach.
Benin’s President Thomas Boni Yayi has appointed the head of one of Europe’s biggest capital investment funds as his new prime minister. Lionel Zinsou, a dual French-Beninese national who has headed PAI Partners since 2009, will be in charge of economic development, evaluating public policy and promoting good governance in the tiny West African nation. The appointment, announced on Thursday evening, is part of Boni Yayi’s new 28-member government, which also sees the new role of deputy prime minister created along with three new minister of state jobs.
The anti-immigration Danish People’s Party (DPP) became Denmark’s second largest party in Thursday’s general election and the biggest in the right-wing bloc, which ousted a centre-left government. Boosted by rising concerns over the cost of immigration to Denmark’s generous welfare state and a perceived erosion of “Danish values”, it secured 21.1 percent of the vote, its highest score ever and up from 12.3 percent in the previous election. “This election campaign has shown that we are a party that the others just can’t avoid.
A Greek exit from the eurozone would be the beginning of the end of the single currency, Greek Prime Minister Alexis Tsipras was quoted as saying Friday in a newspaper interview. “The famous Grexit cannot be an option either for the Greeks or the European Union. This would be an irreversible step, it would be the beginning of the end of the eurozone,” Austrian daily Kurier quoted Tsipras as saying, in an interview published in German.