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European Union

Political and economic union
The European Union (EU) is a political and economic union created after World War II to ensure peace and economic cooperation on the European continent. It evolved from the European Economic Community, founded in 1957, and was officially established as the European Union in 1993 with the entry into force of the Maastricht Treaty, guided by the values of democracy, freedom, equality, and the rule of law. The EU is the largest trading bloc in the world, actively works to protect the environment, and plays an important global role in promoting peace and development.
1957
Founding of the European Economic Community, which promoted economic integration
1985
Signing of the Schengen Agreement, which laid the foundation for free movement without border controls
1986
Adoption of the Single European Act, which laid the groundwork for the creation of a single market
1993
Official creation of the European Union by the Maastricht Treaty
1993
Launch of the single internal market, ensuring the free movement of goods, services, capital, and people
2002
Introduction of euro banknotes and coins as a single currency for many member states
2004
Largest enlargement, with ten new member states joining, contributing to peace and stability
2012
Awarded the Nobel Peace Prize for its long-standing work in promoting peace and reconciliation in Europe
2022
Granting Ukraine candidate status for accession, confirming its European perspective
News by theme
Rubio-Callas meeting canceled 'abruptly' due to rising transatlantic tensions

The planned meeting between EU High Representative Kallas and US Secretary of State Rubio was canceled due to “scheduling issues. ” The cancellation comes amid rising tensions between the US and EU over migration and freedom of speech.

News of the World • February 27, 03:53 AM • 107002 views
Hungarian government wants to move gay pride parade from streets of Budapest to indoor venue

Viktor Orbán's government proposes to move the annual LGBT pride parade from the streets of Budapest to an enclosed space, explaining it as “child protection. ” This continues a series of restrictions on the rights of the LGBTQ+ community in Hungary.

News of the World • February 27, 02:28 AM • 18551 views
“The EU was created to rob the US": Trump threatens to impose 25% tariff on EU goods

Donald Trump announced the introduction of 25% tariffs on imports from the EU, including cars. The US President accused the EU of creating a bloc to “rob” the United States.

News of the World • February 26, 11:51 PM • 102951 views
EU extends sanctions against Yanukovych's entourage, list reduced to three people - media

The European Union has reduced the sanctions list for embezzlement of Ukrainian state funds from 18 to 3 people. Viktor Yanukovych, who has been under sanctions since 2014, is no longer on the list.

Politics • February 26, 08:48 PM • 33349 views
The United States did not support the WTO statement condemning Russian aggression

44 WTO members and Ukraine sign the annual statement condemning the impact of Russia's invasion. For the first time, the United States refused to support the document, indicating a change in its position.

News of the World • February 26, 05:41 PM • 27981 views
The EU renews sanctions against people associated with Yanukovych: the former president is no longer on the list

The European Union has extended sanctions against individuals associated with Yanukovych, but the list has been reduced from 18 to 3. Yanukovych himself is no longer on the sanctions list.

News of the World • February 26, 04:10 PM • 22759 views
Macron tells EU leaders about talks with Trump on Ukraine

The French president held a videoconference with the leaders of 27 EU countries after meeting with Trump. Macron reaffirmed their shared commitment to creating conditions for lasting peace in Ukraine.

Politics • February 26, 03:38 PM • 25864 views
Hungary is trying to remove Russian oligarchs from sanctions: who is on the list

Hungary threatens to block the extension of EU sanctions against Russia, demanding the exclusion of 9 influential Russians. Among them are oligarchs Friedman, Usmanov and Sports Minister Degtyarev.

News of the World • February 26, 02:22 PM • 21028 views
Poland will not participate in peacekeeping mission, but will provide logistical assistance - Prime Minister

Polish Prime Minister Tusk said that the country would not directly participate in the EU peacekeeping mission in Ukraine. Instead, Poland is ready to provide full logistical support to the European mission with the support of the United States.

War in Ukraine • February 26, 01:36 PM • 25209 views
EU leaders held a videoconference before the summit on Ukraine: Macron shares details of meeting with Trump

French President Macron briefed EU leaders on the results of his meeting with Trump in Washington. This discussion took place on the eve of a special European Council meeting on March 6 to support Ukraine.

Politics • February 26, 11:33 AM • 34221 views
Kravchenko: cooperation with Austria will help fight tax evasion in Ukraine

Head of the State Tax Service of Ukraine Ruslan Kravchenko met with the Ambassador of Austria to discuss cooperation in the tax area. The parties discussed transfer pricing control and exchange of financial information.

Economy • February 26, 11:10 AM • 21997 views
Credit transfers dominate: how Ukrainians made payments in 2024

The NBU published data on payment transactions in Ukraine for 2024. Credit transfers dominated with 3.6 billion domestic transactions worth over UAH 43 trillion, and 7.1 million international transfers were also made.

Economy • February 26, 09:21 AM • 21438 views
French minister: EU alone can't plug USAID shutdown gap

The European Union does not have enough money to compensate for the suspension of USAID on its own. About 55.8 billion euros of American aid could disappear, which would especially affect Ukraine and Eastern Europe.

Politics • February 26, 06:38 AM • 112981 views
Tesla shares plunged sharply after a drop in sales in Europe

Tesla shares fell 9% after sales in the EU and UK nearly halved in January. The company's market capitalization fell below $1 trillion for the first time since November due to competition and Musk's controversial statements.

Economy • February 26, 06:21 AM • 30595 views
EU to seek India's help to impose sanctions on Russia - Bloomberg

Ursula von der Leyen plans to discuss sanctions against Russia with the Indian Prime Minister. The EU is seeking to strengthen control over the implementation of restrictions, as Russian aggression threatens both Europe and India.

News of the World • February 25, 10:44 PM • 62841 views
Meetings, agreements, and negotiations with partners are being prepared: Zelensky told what the Ukrainian team is working on

The President of Ukraine announced new aid packages from Britain, Norway, Spain and other countries worth billions of dollars. The Baltic and Nordic countries will provide equipment and training for brigade-sized units.

War in Ukraine • February 25, 07:35 PM • 27296 views
Last year, Ukraine received 500 thousand 155-mm shells at the initiative of the Czech Republic

Ukraine received 500 thousand 155-mm artillery shells as part of the Czech initiative. 18 countries have allocated $1.8 billion for the purchase of ammunition, and the total volume of supplies will reach 1.5 million shells.

War in Ukraine • February 25, 07:32 PM • 34343 views
Zelenskyy discusses frozen Russian assets with new Belgian prime minister

The President of Ukraine had a conversation with the newly appointed Prime Minister of Belgium Bart de Wever. The parties discussed support for Ukraine and the use of frozen Russian assets.

Politics • February 25, 02:58 PM • 59563 views
EU countries discuss the possibility of confiscating €200 billion of frozen Russian assets: who supports it

The Baltic states and Northern Europe insist on the immediate transfer of frozen Russian assets to Ukraine. France, Germany and other major EU states are against it, considering it a lever of influence on Russia.

War in Ukraine • February 25, 01:52 PM • 27781 views
Poland to provide 200 million euros in aid to Ukraine

Poland has announced its 46th aid package to Ukraine worth more than €200 million. The country has already trained a third of all Ukrainian military in the EU and plans to continue its training mission.

Politics • February 25, 01:42 PM • 20609 views
Ending the war in Ukraine and peace talks: Tusk meets with European Council President Costa

Polish Prime Minister Tusk and European Council President Costa discuss ending the war in Ukraine. An extraordinary meeting of the EU on March 6 will consider assistance to Ukraine and strengthening European security.

War in Ukraine • February 25, 01:40 PM • 27430 views
EU denies a new raw materials deal with Ukraine: they say this partnership is four years old

The European Commission has denied the existence of a new proposal on critical minerals for Ukraine, recalling the existing memorandum of 2021. This denial followed reports of possible competition with the United States for Ukrainian resources.

Economy • February 25, 01:13 PM • 26223 views
Germany is discussing the possibility of allocating 200 billion euros for defense

The future German Chancellor Friedrich Merz is negotiating the allocation of 200 billion euros for defense. The new package will be twice as large as the previous one and will require circumventing constitutional restrictions.

News of the World • February 25, 01:01 PM • 22871 views
EU says its mineral deal for Ukraine 'does not compete with the US' - BBC

The European Union has offered Ukraine a deal on mining that does not compete with the US. European Commissioner Stefan Sejourne said that future cooperation would be “mutually beneficial.

Economy • February 25, 10:59 AM • 28840 views
The staggering amount needed for Ukraine's reconstruction over the next 10 years has been named

The World Bank has estimated Ukraine's needs for recovery and reconstruction at $524 billion by 2034. The housing sector, transport, and energy were the most affected, with direct losses of $176 billion.

War in Ukraine • February 25, 10:21 AM • 107126 views
Tesla loses European market after Musk's political statements - FT

Tesla's sales in Europe fell by 45% in January 2024 after Elon Musk's political statements. The company's market share dropped to 1%, while total sales of electric vehicles in Europe increased by 37%.

Economy • February 25, 10:04 AM • 29971 views
Germany rejects possibility of Russia returning to G7 despite Trump's statements

German Finance Minister Jörg Kukis said that Russia will not be readmitted to the G7, despite Trump's demand. He also discussed the use of frozen Russian assets for Ukraine's recovery.

War in Ukraine • February 25, 08:59 AM • 45857 views
Vucic regrets supporting “European” resolution on Ukraine in the UN

Serbia voted in favor of the European resolution on Ukraine at the UN General Assembly, but President Vucic called it a mistake. He attributed the decision to his own fatigue and apologized to his citizens.

Politics • February 25, 08:29 AM • 32193 views
US, Russia gather for “continuation” of talks in Saudi Arabia - AFP

The US and Russian diplomatic delegations will meet again in the Saudi capital. This is a continuation of last week's talks between Lavrov and the US Secretary of State.

War in Ukraine • February 25, 07:58 AM • 34208 views
EU offers Ukraine its own "win-win" minerals deal - Politico

The EU has offered Ukraine a deal on critical minerals, competing with the US offer. Trump demands mineral rights in exchange for $500 billion in compensation for support.

Economy • February 25, 07:49 AM • 115308 views