EU Current Affairs - 2020

European Investment Bank to stop Fossil Fuel Funding by 2021

The European Investment Bank is to stop funding oil and coal projects at the end of 2021. Since 2013, the European Union through the bank has funded 13.4 billion Euros for fossil fuel projects. In 2018, it was around 2 billion Euros. The Union has been reducing its funding to fossil fuel projects and is Read More…

US widens trade war with European states; Indian Sensex dips 200 points

The US imposed tariffs on 7.5 billion USD worth European exports. The WTO had earlier ruled that US could target goods from EU nations as they had failed to comply ruling regarding subsidies for Airbus. The US had imposed tariff on 25 billion USD worth goods of European items. They were mainly on Airbus production Read More…

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Russia extends ban on EU Food Imports until end of 2020

Russian President Vladimir Putin recently signed a decree for extending Moscow’s embargo on food products being imported from the European Union (EU) to the end of 2020. This decision was in continuation of Russia’s s retaliation against sanctions over Ukraine. Key Highlights A decree signed by President Vladimir Putin posted on Moscow’s official government website, Read More…

14th Organisation of Islamic Cooperation (OIC) summit held in Mecca

The 14th summit of the Organisation of Islamic Cooperation (OIC) held in Mecca, Saudi Arabia was hosted by Saudi King Salman bin Abdul Aziz Al Saud. Key Highlights of Summit Agenda: The official agenda of meeting was to address ‘current issues in Muslim world’ and ‘recent developments in a number of OIC member states. Also, Read More…

India seeks to push reforms at WTO

The Ministry of Commerce and Industries is arranging a mini-ministerial meeting of developing countries on May 13-14 to discuss the future of the multilateral body, World Trade Organisation (WTO) and the development agenda. India is expected to invite close to two dozen countries for discussions on May 13-14. It is second such initiative undertaken by Read More…