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European Union

U.S. pushes for Russian oil price ceiling. Feasible?

by Matt Levin
Jun 28, 2022
Advanced nations will evaluate the idea in an effort to limit Russia's energy revenue. But Russia could retaliate.
An oil refinery on the outskirts of Moscow. Although the advanced nations are considering a price cap on Russian oil, Russia could retaliate by shutting off the flow of natural gas to Europe.
Natalia Kolesnikova/AFP via Getty Images
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Is European resolve against Russia’s war beginning to soften?

by Stephen Beard
May 31, 2022
The EU has just unveiled a punitive ban on oil imports from Russia — but the Ukrainian government is unimpressed.
The Ukrainian flag at the European Parliament building in Brussels. The European Union's ban on the majority of oil imports from Russia is too weak to satisfy Ukraine and some EU member nations.
François Walschaerts/AFP via Getty Images
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Why the U.K. is threatening to tear up part of its Brexit treaty with the European Union

by Stephen Beard
May 27, 2022
The British move to change unilaterally part of its withdrawal deal with the EU could trigger a trade war with the bloc.
The Brexit grace period is over for most nonfood products arriving in Northern Ireland from the British mainland, and a wide swathe of goods already has been squeezed out of the Northern Ireland market.
Dan Kitwood/Getty Images
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How much has Putin’s war damaged Russia's economy?

by Stephen Beard
May 2, 2022
As sanctions take their toll and Russia's leader writes off Western markets, analysts count the costs for the nation's people and businesses.
As Russia's war on Ukraine continues, ordinary Russians face economic burdens.
Natalia Kolesnikova/AFP via Getty Images
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Russia cuts off gas exports to Poland and Bulgaria

by Lily Jamali
Apr 27, 2022
The economic showdown between Russia and the EU enters a new phase
Russia's energy giant Gazprom exports gas to Poland and Bulgaria. As of today, the two countries are completely cut off.
Nikolay Doychinov/AFP via Getty Images
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Victory for Le Pen in France's presidential election would have big repercussions for France — and the rest of the EU

by Stephen Beard
Apr 22, 2022
The leader of France's far-right National Rally party has promised radical change if she wins the presidency.
Though opinion polls show a Marine Le Pen victory as unlikely, she was at one point only 3 percentage points behind President Emmanuel Macron.
Thomas Samson/AFP via Getty Images
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I've Always Wondered ...

What exactly is the SWIFT banking system?

by Janet Nguyen
Mar 3, 2022
It allows financial institutions around the world to communicate quickly and efficiently. Seven Russian banks are being banned from the system.
A view of Bank Rossiya's headquarters in St. Petersburg, Russia. Bank Rossiya is one of seven banks that have been barred from the SWIFT messaging system.
Olga Maltseva/AFP via Getty Images
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Trump-era export tariffs are still rattling British steelmakers

by Stephen Beard
Jan 19, 2022
President Biden lifted a 25% tariff from European Union steel, but British steelmakers complain that they’re being unfairly penalized.
Then-President Donald Trump poses with the 2018 steel import proclamation, which added a 25% tariff on imported steel. President Joe Biden has lifted the tariff for countries in the European Union but not for the United Kingdom.
Chip Somodevilla/Getty Images
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Brexit

Outsider trading: A year after Brexit, how 5 small UK companies have fared

by Stephen Beard
Jan 5, 2022
Small British exporters reflect on their first full year of doing business as non-EU members. How do they feel about Brexit now?
Scarves depict the British and European Union flags. Exporters in different industries have had varied experiences with the new conditions of cross-border trade.
John Thys/AFP via Getty Images
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London’s financial center, “the City,” prepares for bigger global role after Brexit

by Stephen Beard
Jul 28, 2021
Brits widen their horizons as hopes dwindle that the U.K. will have unfettered access to the EU's financial services market.
A pedestrian passes the skyscraper informally known as the Gherkin in London's financial district, which seeks to extend its international business ties.
Daniel Leal-Olivas/AFP via Getty Images
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