The European Union’s 27 leaders have formally approved candidate status for Ukraine and Moldova to join the union, marking the first step toward full EU membership for the two countries. The move has renewed a contentious debate within the EU over expansion, given the longstanding assumption that there would be no movement toward any EU enlargement until at least 2024. “Even a month or so ago the idea that Ukraine might get candidate status seemed quite far-fetched to many,” noted one EU diplomat. EU members from the bloc’s east have pushed for Ukraine’s candidate status to be expedited since Russian […]
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The European Commission yesterday launched legal action against the U.K. after British Prime Minister Boris Johnson’s government tabled a bill that would undo major agreements the U.K. committed to as part of the Brexit divorce deal it signed with the European Union. The latest escalation in the dispute between London and Brussels could lead to a full cancelation of the EU-U.K. free trade deal, opening the door to the dreaded “no-deal Brexit” that the trade agreement was intended to avoid. The EU’s legal challenge comes in response to unilateral moves by the U.K to rewrite parts of the Northern Ireland protocol […]
Lawmakers in the European Parliament rejected three major pieces of climate legislation in a plenary vote held yesterday in Strasbourg, dealing a blow to the European Union’s efforts to meet a 2030 target to reduce carbon emissions by at least 55 percent. The proposals reforming the EU’s carbon market were killed by left-wing lawmakers not because they oppose a carbon border tax, but rather because they argue the legislation had been watered down by a number of industry-friendly amendments tacked on by conservative MEPs. The Carbon Border Adjustment Mechanism, a key component of the EU’s mammoth “Fit for 55” climate legislation […]
European Union leaders agreed this week to a partial ban on Russian oil imports, overcoming a veto by Hungarian Prime Minister Viktor Orban. But the agreement commits only to banning seaborne imports to the EU by the end of 2022, leaving Russian oil imported by pipeline untouched. Seaborne imports account for two-thirds of the oil the EU purchases from Russia, leaving one-third outside the ban’s scope. However, Germany and Poland announced at this week’s leaders’ summit in Brussels that they will not use the exemption, pledging to phase out both seaborne and pipeline imports by the end of this year. […]