European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
European Union (EU) leaders are unlikely to reach an agreement on the prolongation of economic sanctions against Russia at their forthcoming summit next week.
The current sanctions, which are expiring in July, are not likely to be extended as long as the Minsk ceasefire in eastern Ukraine is observed, EurActiv reports.
However some member states had insisted on the extension of sanctions on Russia's financial, energy and defence sectors.
While EU leaders will likely discuss sanctions at the forthcoming summit, it is expected that most of them will postpone discussions for their renewal until July.
In order for sanctions to be imposed they have to be approved unanimously by all 28 member states.
Meanwhile, Slovakia's Prime Minister Robert Fico said on Friday that new or renewed EU sanctions against Russia will not be beneficial for the ceasefire in eastern Ukraine.
Fico had previously criticised sanctions as “meaningless and counterproductive”, which shows their divisive nature among member states.
Slovakia's Foreign Minister Miroslav Lajcak revealed that the predominant view in the EU was that sanctions “should remain in place in their current form for the time being”.
EU member states agreed on Friday to extend sanctions against Ukrainian and Russian citizens and companies accused of compromising Ukraine's sovereignty, territorial integrity and independence.
The asset freezes and travel bans on 150 people and 37 companies were extended for another six months and will last until September.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
French President Emmanuel Macron issued a stark warning to Europe, urging the continent to confront the challenges of a rapidly changing world
The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
Concerns are mounting within the European Parliament regarding potential Russian interference in the forthcoming parliamentary elections, coupled with apprehensions surrounding Russian-owned properties in Bulgaria
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022