Archive for the ‘European Union’ Category

EU Experts to Discuss Repercussions of Russian Food Bans Thursday

BRUSSELS, August 12 (RIA Novosti) European Union experts on Thursday do not plan on discussing the union's applications to the World Trade Organization regarding Russia's food ban, but will instead discuss the economic repercussions of them, an EU source told RIA Novosti on Tuesday.

On Thursday, there will be no discussion among EU experts on the possibility to start dispute settlement procedures in the WTO against the Russian agri-food ban. There will be just a discussion on the implication of this restriction measure on the EU economy," the source said.

European Commission spokesman Roger White said Monday that the European Union was hoping to evaluate the impact of Russias ban of food imports from the 28-member bloc by Thursdays experts' meeting, but would not be ready to decide on how to replace the Russian market.

A panel of experts has already started looking at what is encompasses Russia's restrictions and their potential impact on other world markets, he said.

On Thursday, Russia introduced a one-year ban on agricultural and food product imports from the countries that have imposed sanctions on Moscow over the Ukrainian crisis, namely the European Union, the United States, Australia, Canada and Norway.

Banned products include meat, poultry, fish, seafood, milk, dairy products, fruits and vegetables. The embargo may cost the European Union a whopping $16 billion in export losses.

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EU Experts to Discuss Repercussions of Russian Food Bans Thursday

Greenhouse gas emissions drop in 2013 puts EU just shy of 2020 goal

Published October 28, 2014

COPENHAGEN, Denmark The European Union's environment agency says the bloc's greenhouse gas emissions dropped by nearly 2 percent last year, putting the EU very close to reaching its emissions target for 2020.

That goal is to reduce emissions by 20 percent compared to 1990 levels.

The European Environment Agency said Tuesday that emissions already have fallen 19 percent, meaning the 28-nation bloc is likely to achieve a larger reduction than it aimed for.

The EEA projected that 2020 emissions will be 21 percent or 24 percent lower than they were in 1990, depending on whether planned climate action is implemented in full.

However, some countries weren't on track to meet their individual targets, including Germany and Spain.

Last week the EU set a target of cutting emissions by 40 percent by 2030.

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Greenhouse gas emissions drop in 2013 puts EU just shy of 2020 goal

UK told to pay 1.7bn extra to European Union budget – Video


UK told to pay 1.7bn extra to European Union budget
The UK has been told it must pay an extra 1.7bn (2.1bn euros) towards the European Union #39;s budget because the economy has performed better than expected in ...

By: robin show

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UK told to pay 1.7bn extra to European Union budget - Video

Founding fathers of the European Union: Jean Monnet – Video


Founding fathers of the European Union: Jean Monnet
The French political and economic adviser Jean Monnet dedicated himself to the cause of European integration. He was the inspiration behind the #39;Schuman Plan...

By: European Commission

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Founding fathers of the European Union: Jean Monnet - Video

UK Economic Recovery Leads to EU Demanding 1.7bn in ‘Daylight Robbery’ Payment – Video


UK Economic Recovery Leads to EU Demanding 1.7bn in #39;Daylight Robbery #39; Payment
Britain #39;s strong economic recovery over recent years has led to the European Union demanding 1.7bn as an additional payment, in what politicians are branding "daylight robbery".UK Economic...

By: IBTimes UK

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UK Economic Recovery Leads to EU Demanding 1.7bn in 'Daylight Robbery' Payment - Video