The European Commission’s reputation is abysmal. Technocrats and faceless bureaucrats dominate public perception. Accountability and legitimacy are absent. So why did the Commission reject the latest European Citizens’ Initiative, and dig its own grave?
Rosneft may sell its gas stations in Central Russia to Trafigura, one of the world’s biggest commodity traders. Russia’s anti-monopoly watchdog is pressing Rosneft to scale down its regional dominance created by the acquisition of TNK-BP.
The European Union is in a kind of box, and new sanctions against Russia just illustrate its policy of “the four Ds”, which is divert, deflect, deceive and deny, financial commentator Mitchell Feierstein told RT.
China and Russia are to build one of the largest ports in northeast Asia on Russia's Sea of Japan coast, Chinese media reports. It is the latest step by Beijing and Moscow to bring their economies closer, and diversify from Western influence.
EU Trade Commissioner Karel De Gucht wants to see oil and natural gas exports from the US to Europe included in the forthcoming transatlantic trade deal which will create the world’s largest free trade zone.
Lithuania has asked the European Commission to allocate €46 million ($60 million) as compensation for Russian food embargo losses. Slovakia has also asked the EU to lift some sanctions against Russia to partially allow exports.