Articles by Nikos Chrysoloras, Alberto Nardelli and Ewa Krukowska

EU to Weaken Russia Oil Sanctions, but Keeps Plan to Prohibit Insurance of Shipments

The European Union is set to soften its sanctions package on Russian oil exports after a weekend of wrangling, though it aims to keep a key shipping provision that will hinder Moscow’s ability to export its crude. The bloc will …

EU Seeks to Target Russia’s Global Oil Exports With Insurance, Services Ban

The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that could dramatically impair Moscow’s ability to ship its oil anywhere in the world. The bloc is proposing to ban European …

UK Hasn’t Compromised Enough for Brexit Trade Deal as Deadline Looms, EU Warns

The European Union warned that the UK hasn’t moved sufficiently to overcome the three main obstacles to a post-Brexit trade deal as three of the bloc’s leaders called for contingency plans to be stepped up in case one isn’t reached. …

EU Begins to Tackle Cyber Warfare with Targeted Sanctions

Taking a firm geopolitical stand, the European Union imposed sanctions on targeted individuals and entities from Russia, China and North Korea in a sign that it was tackling cyber warfare head on. As part of the measures, the six individuals …

Russia Blamed for Massive Cyber Attack Against Nation of Georgia in 2019

Georgia accused Russian military intelligence of organizing a “paralyzing” cyber attack last year and called for a reaction by the international community. Russia’s GRU was behind the “large-scale” October 2019 attack that targeted the presidential administration, various government bodies and …

EU Gives UK Prime Minister Two Extra Weeks to Avoid No-Deal Brexit

European Union leaders staved off the threat of the U.K. crashing out of the bloc without a deal next Friday by giving Theresa May an extra two weeks to work out what to do. At a summit in Brussels on …

Brexit Deadlock Deepens as Hopes Fade for Breakthrough During Crucial Week

The U.K. and the European Union are on course to miss this week’s key milestone on the road to a Brexit deal after talks broke up in stalemate on Sunday, people familiar with the matter said. A weekend of intense …

Brexit Divorce Talks Edge Toward Compromise but Obstacles Remain: UK, EU Officials

Brexit negotiators are edging toward a compromise on the thorniest issue in talks, even as officials on both sides warned that obstacles still stand in the way of a deal. EU chief Brexit negotiator Michel Barnier said Wednesday that a …

EU Eyes Offering `Improved Equivalence’ for UK Financial Services After Brexit

The European Union will consider offering the U.K. “improved equivalence” for financial services after Brexit, according to the bloc’s latest negotiating guidelines, a system Britain has rejected as “wholly inadequate.” The addition to the draft guidelines, obtained by Bloomberg, makes …

Update: UK Prime Minister Rejects EU Draft Brexit Deal as Unacceptable

The European Union presented the U.K. with a draft divorce deal that Theresa May said no British prime minister could ever accept. The pound fell. Brexit talks once again look to be stuck around the intractable issue of the Irish …