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European Union

Coping with strain

The conclusion of the India-European Union free trade agreement comes at a moment when the global trading system is under severe strain, shaken by geopolitical rivalries, economic nationalism and the increasingly unpredictable use of tariffs as political weapons.

Trade’s New Wall

The conclusion of the India–European Union Free Trade Agreement has been projected as a major diplomatic and economic milestone.

Oil reprisal

The European Union is poised to tighten its screws on Russia with the decision to impose an embargo on Russian oil after weeks of intensive talks.

Putin’s price

Ratcheting up pressure on Russia’s already battered $ 1.8 trillion economies, the European Commission proposed phasing out supplies of Russian crude oil within six months and refined products by the end of 2022.

Russian ‘blackmail’

A geopolitical conflict has assumed the character of an economic war with the European Union accusing Russia of “blackmail” in the context of Gazprom’s move to halt gas supplies to some European customers.