European Neighbourhood Monitor

Online magazine highlighting research, news and analysis covering the European Neighbourhood

Month: January 2024

EU launches mission in Red Sea as European energy security hit by Houthi attacks

Middle East / By

A European Union naval mission to protect commercial shipping in the Red Sea from missile attacks by Houthi rebels in Yemen is expected to be launched on February 19, EU High Representative Josep Borrell announced today, according to Euronews. Borrell stated: “Maritime security in the Red Sea has significantly deteriorated over the last weeks and we …

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European Commission warns for risk of higher inflation as a result of Red Sea attacks

Middle East / By

On 15 January, Iranian-backed Houthi militants fired an anti-ship ballistic missile from Houthi-controlled areas of Yemen and struck the M/V Gibraltar Eagle, a Marshall Islands-flagged, U.S.-owned and operated container ship, the U.S. military has announced. The ship has reportly no injuries or significant damage and is continuing its journey. Earlier in the day, at approximately …

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Russia’s largest LNG producer sends force majeure notifications

Eastern Europe / By

Novatek, Russia’s largest producer of liquefied natural gas (LNG), has sent force majeure notifications to some of its clients over future supplies from its Arctic LNG 2 project, four industry sources have told Reuters. Commenting on the issue, Italian academic Francesco Sassi, describes this to be “a consequence of US sanctions against Russia’s LNG industry” …

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UN official slams EU for using green policies to hold back developing countries

Environment, Indo-Pacific / By

”Rebeca Grynspan, secretary-general of United Nations Conference on Trade and Development, has issued fundamental criticism at the EU’s trade policies, stating they hurt developing countries. She told the Financial Times: “Many trade rules forbid policies that can be used by developing countries. And the developed countries have more fiscal space to subsidise in the areas …

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EU agency warning EU may miss its own climate targets triggers debate about policy alternatives

Environment / By

In a new report, the EU’s European Environment Agency (EEA) warns the EU that it is failing its climate targets, noting that the current 10-year trend is “going in the wrong direction”. The EEA takes stock annually of progress towards the 8th Environment Action Programme (8th EAP) objectives on the basis of a set of …

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