• Tuesday, September 23, 2014

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European Commission

Ukraine Crisis

EU approves new sanctions on Russia

The European Union agreed to a new wave of sanctions against Russia on Monday, but said their entry into force would take a few days, giving time to recent peace moves by Moscow. "Depending on the situation on the ground, the EU stands ready to review the agreed sanctions in whole or in part," said Herman Van Rompuy, President of the European Council in a statement, after a last-minute meeting of EU envoys in Brussels. Russia has warned West against new...

EU to increase aid for Bangladesh

The European Union has decided to increase the annual development assistance to Bangladesh to over 100 million Euros from 60 million Euros. The decision was taken to boost the annual assistance for the next seven years starting from 2014, William Hanna, head of delegation of the European Union to Bangladesh, told The Daily Star in an interview at his office yesterday. “These are only grants, not loans. So, these are the money that needs to be used very carefully,” added the...

EU to offer $15 billion aid to Ukraine

A top European Union official said Wednesday that the group is prepared to offer an aid package to Ukraine worth as much as $15 billion over the next two years, reports The New Your Times. José Manuel Barroso, the president of the European Commission, the union’s executive arm, said Wednesday that the offer includes 1.6 billion euros, or about $2.2 million, in loans and €1.4 billion euros in grants from the union, as well as €3 billion in fresh credit...

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