Stories in this section cover the EU-27 countries plus the UK, Norway, Switzerland, Iceland, Liechtenstein, Monaco, Andorra and the Balkan Countries (Albania, Serbia, Montenegro, Bosnia-Herzegovina, Kosovo, North Macedonia).
The European Union has reached a provisional deal to prohibit the import and sale of products that are linked to deforestation. This would apply to items such as beef, timber, rubber, coffee, soy, cocoa, and palm oil and their derived products.
Russian Deputy Prime Minister Alexander Novak stated on Sunday that Moscow will not adhere to the price cap of $60 per barrel imposed by the G7 on the sale of Russian oil to non-EU countries, and will reduce production in order to make up for lost exports.
Novak also argued that the price cap mechanism contravenes World Trade Organization rules, would cause a decrease in energy investment, and could potentially lead to worldwide shortages and further market disruption.
The first Russian shipment of fertiliser left the Dutch port of Terneuzen on Tuesday (29 November) after days of negotiating to ensure it would not be snagged by Western sanctions. The ship was commissioned by the UN’s food security agency, the World Food Programme, and the cargo is part of some 260,000 tonnes of Russian fertiliser stored in European ports.