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The European Union

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  • New EU sanctions to target Russian businesses Friday, 25 Jul 2014 | 8:40 AM ET

    BRUSSELS— European Union ambassadors reached a preliminary deal Friday on stepped-up sanctions against Russia, targeting its access to European capital markets and trade in the defense sector, dual-use goods and sensitive technologies.

  • BRUSSELS, July 25- European Union ambassadors reached a preliminary agreement on Friday to push ahead with hard-hitting economic sanctions against Russia over the Ukraine crisis but details remained to be worked out, diplomats said.

  • Andrii Kuzmenko, acting Ukrainian ambassador to the U.K., says Russia would see a retaliation from Ukraine as grounds to invade and urges the EU and U.S. to implement sectorial sanctions.

  • 'Meaningful' EU phase 3 sanctions ahead?     Friday, 25 Jul 2014 | 4:40 AM ET

    Mujtaba Rahman, senior European analyst at Eurasia, says that harsher EU sanctions against Russia could be implemented next week and that Germany, France and the U.K. will feel the pain "equally".

  • European markets close: Strong rally     Thursday, 24 Jul 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including gains for European banks and a sales miss for Unilever.

  • Terror attacks: Is Europe most at risk?     Thursday, 24 Jul 2014 | 11:05 AM ET

    Europe is at risk of terrorist attacks as "hundreds" of fighters in Syria hold Western passports, say Torbjorn Soltveldt, principal MENA analyst at Maplecroft, following the Norwegian terror attack warning.

  • BRUSSELS, July 24- European Union countries are considering tougher sanctions against Russia over its role in the conflict in eastern Ukraine and the downing of the Malaysian airliner that killed 298 people last week.

  • BRUSSELS, July 24- The European Union would target state-owned Russian banks vital to financing Moscow's faltering economy in the most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday.

  • EU targets state-owned Russia banks in sanctions draft Thursday, 24 Jul 2014 | 7:15 AM ET

    *EU patience with Russia running out. BRUSSELS, July 24- The European Union would target state-owned Russian banks and their ability to finance Moscow's faltering economy in its most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday, diplomats said.

  • Markets solid amid mixed US economic news Thursday, 24 Jul 2014 | 4:05 AM ET

    TOKYO— World shares were rattled Thursday by reports the European Union is weighing stiffer financial sanctions against Russia.

  • French PM says euro too strong, EU must do more Thursday, 24 Jul 2014 | 2:18 AM ET

    PARIS, July 24- France's prime minister on Thursday called for the European Union to do more to help those member states carrying out reforms and reiterated France's views that the euro is overvalued.

  • Bundesbank chief urges Britain not to quit European Union Wednesday, 23 Jul 2014 | 3:30 PM ET

    *Weidmann says Britain gets economic lift from EU membership. LONDON, July 23- The head of the Bundesbank appealed to Britain on Wednesday to stay in the European Union, saying membership of the bloc had given the country an economic lift and posed little threat to London.

  • SAN FRANCISCO/ FRANKFURT, July 22- European Union antitrust regulators are preparing to step up investigations of Google Inc's practices on several fronts and are likely to revise certain terms of a settlement involving its search engine that was proposed earlier this year, the Wall Street Journal reported on Tuesday.

  • UPDATE 1-Russian ties, trade lie behind EU sanctions rift Wednesday, 23 Jul 2014 | 11:33 AM ET

    *Germany makes up third of EU exports to Russia, worth 36 bln euros. BRUSSELS, July 23- Germany and Italy have most to lose if the European Union makes good on its threat to impose harsher sanctions on Moscow, while Britain's overseas territories are soaking up the lion's share of capital streaming out of Russia.

  • European markets close: Overcoming Ukraine worries     Wednesday, 23 Jul 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a rally for Portuguese banks and Daimler earnings beat forecasts.

  • Russian ties, trade lie behind EU sanctions rift Wednesday, 23 Jul 2014 | 10:05 AM ET

    *Germany makes up third of EU exports to Russia, worth 36 bln. BRUSSELS, July 23- Germany and Italy have most to lose if the European Union makes good on its threat to impose harsher sanctions on Moscow, while Britain's overseas territories are soaking up the lion's share of capital streaming out of Russia.

  • KIEV, July 23- Ukrainian Energy Minister Yuri Prodan said on Wednesday reverse gas flows from the European Union to Ukraine had fallen because of opposition from Russian gas producer Gazprom.

  • MOSCOW, July 23- Ukrainian Energy Minister Yuri Prodan said on Wednesday reverse gas flows from the European Union to Ukraine had fallen because of threats by Russian gas producer Gazprom. This is linked to certain actions by Gazprom, "Prodan told reporters, adding Ukraine first saw the decrease two weeks ago.

  • Why tougher EU Russian sanctions are unlikely     Wednesday, 23 Jul 2014 | 4:45 AM ET

    David Hemming, commodities portfolio manager at Hermes Fund Managers, says that Europe "cannot afford" to upset one of its trade partners when it comes to refined oil products.

  • Radek Sikorski, Polish foreign minister, discusses EU sanctions against Russia and says phase three sanctions could be introduced "as early as Thursday".