The European Commission this week said it was putting on hold transfers of money due to Poland for road projects, which could add up to about 5 billion euros, because it wants assurances the alleged fraud could not be repeated on other projects in Poland, the biggest recipient of European Union funds.
BRUSSELS, Jan 31- The United States should implement Basel III bank capital rules in the same way as Europe does, at the beginning of 2014, the European Union official in charge of regulation said. "It is essential that the United States and Brasil and Russia apply the same rules that we decided together.
GENEVA/ DUBAI, Jan 30- Iran's crude oil exports in December leapt to their highest level since European Union sanctions took effect last July, analysts and shipping sources said, as strong Chinese demand and tanker fleet expansion helped the OPEC member dodge sanctions.
NICOSIA, Jan 30- Cypriot President Demetris Christofias said on Wednesday the island nation had assurances from Russia that it was ready to assist in a European Union bailout of Cyprus.