Ukraine crisis: #39;We may reach the point of no return #39;
European Union foreign ministers have expressed concern at Russia #39;s aggression against Ukraine. European Commission President Jose Manuel Barroso called for a political solution before the...
By: Black White
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Ukraine crisis: 'We may reach the point of no return' - Video
EU Ultimatum to Russia: Moscow given a one-week deadline to stop its intervention in Ukraine
The European Union has given Russia a one-week deadline to stop its military intervention in Ukraine or face tough new EU sanctions. The international community has already sanctioned Russia...
By: UKRAINE TODAY
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EU Ultimatum to Russia: Moscow given a one-week deadline to stop its intervention in Ukraine - Video
Read MoreUkraine's Poroshenko talks tough ahead of meetings with Merkel, Putin
European Union Regulation number 994/2010, passed in 2010 to safeguard gas supplies, could include banning gas companies from selling LNG tankers outside of Europe, keeping more gas in reserve, and ordering industry to stop using gas.
European Energy Commissioner Guenther Oettinger said last week during negotiations with Ukraine and Russia that the bloc was preparing a "Plan B" to protect gas supplies in the worst case scenario.
Hungary, likely to be among the countries most affected by a cut in supplies, said it was monitoring the need for further increases in strategic reserves. The Development Ministry told Reuters it was also looking at "potential regulatory methods that would prompt market players to build reserves beyond the regulatory minimum."
Cutting industrial consumption would hurt an already shaky European economy, while banning utilities from selling liquefied natural gas (LNG) tanker cargoes overseas would hurt their revenues.
Read MoreRussia has 'well over 1,000 troops' in Ukraine, Nato warns
European utilities have been preparing for a supply cut by injecting as much gas as possible into storage and as a result, the region's storage facilities are filled to 90 percent, or 70 billion cubic meters (bcm), equivalent to 15 percent of Europe's annual demand.
Whatever the bloc does, it will struggle to compensate fully if Russian gas stops coming to Europe, political and industry sources say. Gas prices have risen 35 percent since July due to this threat.
Limited alternatives
Russia meets around a third of EU demand for oil, coal and natural gas, according to EU data. In return it receives some $250 billion a year, or around two-thirds of government revenue.
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Europe drafts emergency energy plan
GE Healthcare, an integral part of General Electric Company ( GE ), recently announced that it has received the European Union's approval for marketing its VIZAMYL (Flutemetamol (18F) Solution for Injection). VIZAMYL is a radiopharmaceutical medicinal product for Positron Emission Tomography (PET) imaging of beta amyloid plaque in brains of adult patients suffering from cognitive diseases. VIZAMYL will enable patients to get a neurological diagnosis of diseases such as Alzheimer's (AD).
General Electric's VIZAMYL is the only diagnostic PET imaging tracer approved in the Euproean Union for detection of beta amyloid and visual interpretation of colour images. Along with the commercial launch of VIZAMYL in early 2015, GE Healthcare has also developed a mandatory electronic reader training program (ETP) for readers of VIZAMYL images.
GE Healthcare provides transformational medical technologies and services by ensuring greater access to enhanced quality and affordable healthcare facilities across the globe. The approval is likely to further expand the scope of innovative diagnostic technologies for more accurate assessment of specific patients evaluated for Alzheimer's disease and support further research into the required disease modifying agents.
General Electric, the parent company of GE Healthcare, is one of the most diversified technologies and financial service corporations in the world. Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions, and GE Capital.
General Electric currently has a Zacks Rank #3 (Hold). Other stocks that look promising in the industry include Federal Signal Corp. ( FSS ), Macquarie Infrastructure Company LLC. ( MIC ) and ITT Corporation ( ITT ), each having a Zacks Rank #2 (Buy).
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GE Healthcare Gets European Union Approval for VIZAMYL - Analyst Blog
BRUSSELS The European Union will make a decision on further Russia sanctions by Friday, Italian Foreign Minister and EU foreign policy chief-designate Federica Mogherini said Tuesday.
Speaking at a news conference in the European Parliament, Mogherini said the work on the new sanctions package started on Monday and said the European Commission will present options by Wednesday.
And by Friday a decision will be adopted, she said.
The sanctions are expected to build on measures taken in July to hit Russias energy, defense and financial sectors. Officials said late Monday that details were still being worked out. Russia has already warned it would retaliate against any fresh sanctions measures.
At a summit Saturday, EU leaders urged Russia to withdraw its troops from Ukraine and stem the flow of weapons and fighters across its border into eastern Ukraine, where pro-Moscow rebels are facing Ukrainian forces.
Russia has said it has sent no troops into Ukraine and has called on Kiev to sit down and negotiate with the rebels.
Mogherini said the situation in eastern Ukraine is getting more dramatic.
We speak about an aggression, she told reporters. I think that we need to respond in the strongest possible way to that.
An expanded version of this report appears on WSJ.com
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The Wall Street Journal: EU to decide on further Russia sanctions by Friday