The Business4Ukraine coalition, including Razom We Stand, calls on the EU to strengthen sanctions against Russia to cut off funding for its war efforts, highlighting loopholes in energy sanctions that allow billions to flow into the Kremlin’s war coffers. The coalition urges a complete ban on Russian LNG imports, stricter enforcement against the shadow fleet, and closing the refining loophole to halt the flow of revenue to Russia. Existing energy sanctions have reduced Russian fossil fuel export revenues by €3.5 billion per month, but flaws in enforcement have allowed Russia to increase military spending and attacks against Ukraine in 2024.
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UK inflation increases as cigarettes and petrol drive price rises
In November, the rate of price rises in the UK increased to 2.6 per cent, driven by higher tobacco duty and petrol costs, according to the Office for National Statistics. The inflation level rose above the Bank of England's 2 per cent target due to increased household energy bills and taxes on tobacco products, leading to concerns about the economy not working for working people. Additionally, food and alcohol prices rose ahead of the festive...
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