EU

EU Loan To Ukraine Secures €90BN Funding Plan

EU Loan To Ukraine Secures €90BN Funding Plan

European Union leaders agreed on Friday to raise 90 billion euros in joint borrowing to support Ukraine’s defence against Russia over the next two years, abandoning for now a contentious plan to fund Kyiv using frozen Russian state assets.

The decision, reached after hours of negotiations in Brussels, ensures continued financial backing for Ukraine at a moment when officials warned that a funding gap next year could weaken its ability to resist Moscow’s invasion.

Under the agreement, the European Commission will raise funds backed by the EU budget and provide the money to Ukraine as a loan. The move allowed …

EU Freezes Russian Assets To Unlock Ukraine Funding

EU Freezes Russian Assets To Unlock Ukraine Funding

The European Union has agreed to freeze Russian central bank assets in Europe indefinitely, a move that clears the way for using the funds to help finance Ukraine’s defense and recovery amid Russia’s ongoing invasion.

EU governments approved the decision on Friday, ending the need to renew the asset freeze every six months and locking down about €210 billion in Russian sovereign funds held mainly in Belgium. The step removes a key political risk that had threatened plans to channel the money toward Ukraine.

European officials see the war as a direct security challenge to the bloc and have been …

Google Hit with $3.45B EU Fine Over Ad Tech Practices

Google Hit with $3.45B EU Fine Over Ad Tech Practices

Alphabet’s Google has been slapped with a 2.95-billion-euro ($3.45 billion) fine by European regulators, marking its fourth major penalty in a decade-long antitrust battle with the European Union. The ruling targets Google’s adtech business, accusing the company of favoring its own services over competitors and harming online publishers.

The European Commission said Google’s practices, in place since 2014, demonstrated a clear abuse of market power. The company allegedly prioritized its own online display technology in a way that disadvantaged rivals, distorting competition and limiting choice for advertisers and publishers alike.

Read Also: 13 Teens Jailed For Murdering Schoolmate In Sabah

EU Prepares For Immigration Driven By Food Crisis

EU Prepares For Immigration Driven By Food Crisis

The EU must prepare itself for new waves of migrants forced to uproot because of the food crisis aggravated by the war in Ukraine, the bloc’s border agency chief warned Monday.

While Ukrainian refugees were being handled well, ‘we have to prepare also for refugees coming from other areas because of the food security,’ the interim executive director of the Frontex agency, Aija Kalnaja asserted.

She pointed out in particular that ‘grain transport from Ukraine is hampered, and that will create waves of migration’.

Kalnaja was speaking as she arrived in Prague for a meeting of EU interior ministers …

EU Charges Nigeria To Bring Deborah's Murderers To Justice

EU Charges Nigeria To Bring Deborah’s Murderers To Justice

The European Union (EU) while reacting to the lynching of the Shehu Shagari College of Education student, Deborah Samuel last week has expressed grief over the terrible incident while calling on the Nigerian Government to do their best in bringing her murderers to book.

The life of the Shehu Shagari College of Education student was violently cut short by a mob last Thursday.

The EU urged the Nigerian authorities to ensure that the perpetrators were prosecuted.

Read Also: Russia ‘Most Direct Threat To World Order’ – EU Chiefs

Reacting on Wednesday, the 27-member union demanded that justice is done.

“Still

Covid-19 EU Seals Deal For Extra 1.8bn BioNTechPfizer Doses

Covid-19: EU Seals Deal For Extra 1.8bn BioNTech/Pfizer Doses

The EU has announced the conclusion of a deal with BioNTech/Pfizer for up to 1.8 billion extra doses of their Covid-19 vaccine, European Commission chief Ursula von der Leyen said on Saturday.

Making the announcement, she tweeted from an EU summit in Portugal saying; ‘Happy to announce that the EU Commission has just approved a contract for guaranteed 900 million doses (+900 million options) with BioNTech/Pfizer for 2021-2023,

‘Other contracts and other vaccine technologies will follow,’ she further promised.

Read Also: NAFDAC Approves Pfizer-BionTech Vaccine For Emergency Use

The contract, on top of the 600 million BioNTech/Pfizer doses the

Why We Will Not Send Observers For Ethiopia's Elections - EU

Why We Will Not Send Observers For Ethiopia’s Elections – EU

The European Union (EU) has explained why it resolved to cancel its observer mission for Ethiopia’s June elections citing ‘lack of agreement on key parameters’.

High Representative Josep Borrell said standard requirements like the mission’s independence and importation of communication systems for their security had been denied.

“It is disappointing that the EU has not received the assurances necessary to extend to the Ethiopian people one of its most visible signs of support for their quest for democracy,” he wrote in a statement shared online:

The EU urged …

'Ban El-Rufai' - Reno Omokri Petitions EU, UK As 20,491 Sign

‘Ban El-Rufai’ – Reno Omokri Petitions EU, UK As 20,491 Sign

As at 9:12 am on Thursday, 20,491 people have signed a petition asking the European Union (EU) and the United Kingdom (UK) to place a travel ban on Kaduna State Governor, Nasir El-Rufai.

The petitioners are claiming that they signed because of the poor handling of Southern Kaduna crisis by El-Rufai and other issues.

The petition emanated from Reno Omokri, former Special Assistant on New Media to former President Goodluck Jonathan.

The petition which kicked off on Wednesday is being driven by Omokri at Change.org. As at …

2019 Polls: Contention deepens over EU report

EU Urges Russia Not To Intervene In Belarus

The European Union urged Russia on Friday not to intervene in Belarus after President Vladimir Putin vowed military support for the country’s embattled leader.

As EU foreign ministers meeting in Berlin discussed the crisis, President Alexander Lukashenko — facing unprecedented protests calling for him to quit — accused the West of trying to topple him in order to weaken Moscow.

Meanwhile neighbouring Ukraine, which saw its own pro-Russian leader toppled after bloody protests in 2014, has offered refuge to Belarusians fleeing a regime crackdown.

Read Also: Putin Vows Military Support For Belarus’ Lukashenko

The EU has rejected the official results …

EU Countries Move To Further Reopen Borders

EU Countries Move To Further Reopen Borders

Some EU countries have announced new steps to reopen their borders with the improvement of the COVID-19 situation inside their countries.

German Interior Minister, Horst Seehofer, announced on Wednesday that Germany would on Monday lift border controls, which have been implemented for three months since the coronavirus outbreak.

Controls along Germany’s land borders with Switzerland, France, Austria, and Denmark will be lifted on Monday and the government would reconsider its plans if the COVID-19 situation worsens, Seehofer said.

From Tuesday, European Union (EU) citizens and Swiss nationals can enter Germany again unhindered, without controls or quarantine regulations, according to the …

EU Spearheads $8 Billion Virus Fundraiser

EU Spearheads $8 Billion Virus Fundraiser

Celebrities, world leaders and philanthropists pledged some 7.4 billion euros ($8.1 billion) on Monday for research into coronavirus vaccines, treatments and testing during an EU-led videoconference that was snubbed by the United States.

European Commission chief Ursula von der Leyen, who hosted the conference, said a vaccine was the best chance of beating the COVID-19 disease, which has so far killed nearly a quarter of a million people around the world — 140,000 of them in Europe.

Major European powers, along with Japan and Canada, made the biggest pledges but the lack of US representation raised the prospect of an …

EU And UK Begin Talks On Post-Brexit Relationship

EU And UK Begin Talks On Post-Brexit Relationship

British trade negotiators begin a marathon of talks on Monday in Brussels aimed at forging a new post-Brexit relationship with the EU, but the two camps have drawn red lines that remain far apart.

The EU’s chief negotiator Michel Barnier and his UK counterpart David Frost will lead the talks, which would be held over several weekly rounds in Brussels and London.

The negotiations start just over a month since Britain left the EU, and are meant to wrap up by the end of this year — an exceedingly tight timeframe that few see as feasible for anything but a …