🇪🇺 Europe Edition
POLITICS
RUSSIA SANCTIONS AND EU COMPETITIVENESS PUSH
The most important Europe-wide story is the European Commission’s new sanctions proposal against Russia, which targets oil revenues, shadow fleet vessels, banks, cryptocurrency firms, metals, fish products, and individuals linked to the invasion of Ukraine. At the same time, the Commission has launched a new competitiveness strategy called One Europe, One Market to simplify business creation and strengthen industrial policy across the EU. Together, these moves capture the EU’s twin priorities of geopolitical pressure on Russia and economic reform at home. They are likely to dominate the Europe Edition because they affect both EU foreign policy and the bloc’s long-term economic direction.