Latest Valdis Dombrovskis News

Greece gets 3.6 billion euros from European recovery fund

Apr. 08, 2022 08:26 AM EDT

ATHENS, Greece (AP) — Greece has received a 3.6 billion euro ($3.9 billion) payment out of its allotted 30.5 billion from the European Union’s pandemic recovery fund. The announcement was made Friday by Valdis Dombrovskis, the European Commission’s executive vice president, via...

European Union proposes Russian coal ban in new sanctions

Apr. 05, 2022 10:50 AM EDT

BRUSSELS (AP) — The European Union’s executive branch proposed Tuesday a ban on coal imports from Russia in what would be the first EU sanctions targeting the country's lucrative energy industry over its war in Ukraine. European Commission President Ursula von der Leyen said the...

EU proposes aid package to help farmers weather Ukraine war

Mar. 23, 2022 08:54 AM EDT

BRUSSELS (AP) — The European Union's executive arm on Wednesday proposed an aid package of 500 million euros ($549 million) to help food producers in the 27-nation bloc weather the economic impact of the war in Ukraine. With Russia and Ukraine providing about 30% of the world's...

'Do the right thing': How US, allies united to punish Putin

Mar. 20, 2022 12:56 PM EDT

WASHINGTON (AP) — Just days before Russia invaded Ukraine on Feb. 24, President Joe Biden quietly dispatched a team to European Union headquarters in Belgium. These were not spy chiefs or generals, but experts in reading fine print and tracking the flow of money, computer chips and...

EU and UK hit Russia with wider sanctions that target luxury

Mar. 15, 2022 16:02 PM EDT

BRUSSELS (AP) — Pure-bred horses, truffles, a soccer club owner and a media company chief. New European Union sanctions against Russia on Tuesday sought to deny oligarchs their love of luxury and block Russia from cashing in on its lucrative steel exports. The United Kingdom also...

EU finance chiefs grapple with economic fallout from attack

Feb. 25, 2022 13:36 PM EST

BRUSSELS (AP) — After the political outrage against Russia comes the economic reckoning. Finance ministers of the 19 countries that use the euro gathered Friday in Paris to weigh the economic fallout of Russia’s invasion of Ukraine and the resulting European Union sanctions. The...