Tag: economic sanctions

  • April 11, 2022

    April 11, 2022

    PLAN – Ruling coalition
    leaders are today expected to announce the final form of the support package addressing
    the population and the economy, in the context of soaring prices across the
    board. The list of measures includes an increase in the meal allowance for
    inpatients, an increase of meal vouchers and further vouchers addressing
    vulnerable categories. The minimum salary is also expected to go up, although
    employers will decide if they want to implement the measure or not.
    Additionally, the authorities will also allow people to postpone the payment of
    bank installments, a measure previously introduced during the pandemic as well.
    Further support will be given to transporters, whose fuel purchases will be
    partly subsidized, whereas grants will be awarded to SMEs. Liberal prime
    minister Nicolae Ciucă said the package will help keep the economy going and
    protect vulnerable citizens. In turn, PSD leader Marcel Ciolacu pointed out
    this is the first time the Government comes up with such an initiative. The
    plan is worth some €3.5 billion, of which €1.4 billion will be covered by the
    EU.




    DEBATE – The Chamber of Deputies
    is today debating a simple motion filed by USR against Environment Minister,
    Tanczos Barna. The vote is scheduled for Wednesday. The opposition party claims
    the UDMR minister in the ruling coalition government is to be blamed for
    illegal logging, for the destruction of the environment, the state’s inability
    to tap into green economy opportunities and the contempt shown to civil society
    whenever the latter signals environment issues.




    MEETING – EU Foreign
    Ministers are today examining the sixth package of sanctions against Moscow
    during their meeting in Luxembourg. The EU’s 27 Foreign Ministers have their
    differences over a possible ban on Russian energy. Germany, Italy, Austria and
    Hungary are largely reliant on Russian gas imports. Ukraine’s president,
    Volodymyr Zelensky, has constantly asked European leaders to adopt harsher
    sanctions, including to stop purchasing oil and fuel from Russia and to
    provide Ukrainian forces with heavy weapons in order to resist the Russian
    attacks in Donbas. According to several European diplomats, EU Ministers are
    expected to disburse another €500 million to fund a new delivery of weapons to
    Kyiv.




    VISIT – Projects on future
    mobility in the EU have three key words – sustainability, performance and
    resilience, EU Commissioner for Transport, Adina Vălean, said on the sidelines of Monday’s conference about the future of
    Europe hosted by Bucharest. The EU official expressed hope Romania’s infrastructure
    should improve in terms of quality in the shortest time possible. On Tuesday,
    Commissioner Vălean will attend a videoconference with the ministers of
    transport of Romania, the Republic of Moldova and Ukraine. Adina Vălean said she wants to discuss with Bucharest officials about a better
    absorption of European funds devoted to infrastructure and to find solutions
    for the rail, road, river and maritime transport of goods from Ukraine and the
    Republic of Moldova.




    REFUGEES – Over 85,000 people, of whom 7,915 Ukrainian
    citizens entered Romania on Sunday. According to a Border Police release, a
    little over 677 thousand Ukrainians have reached Romania since the start of the
    war in Ukraine, most of whom were headed to Western Europe.


    GROWTH FORECAST – The World Bank has
    downgraded its economic growth forecast for Romania this year, from 4.3% in
    January to 1.9%. According to the World bank, economic uncertainty has gone up,
    particularly as a result of the Russian invasion of Ukraine. The World Bank has
    upgraded its economic growth forecast for Romania in 2023 to 4.1%, while its
    forecast for 2024 stands at 4.3%.




    ELECTION IN FRANCE – Emmanuel
    Macron will face the leader of the far right, Marine Le Pen in the presidential
    runoff scheduled for April 24, following the result of Sunday’s first round of
    the French presidential election. Both will be trying to secure the votes of
    the other candidates, although experts believe young voters of the radical left
    will decide the vote. The traditional right and left wing parties that ruled
    France for over 60 years have been again eliminated from the first round after
    obtaining embarrassingly low scores. Conversely, the radical left and right
    wings continue to gain ground. (VP)









  • Romania and the Situation in Ukraine

    Romania and the Situation in Ukraine

    A hybrid war — this is how President Traian Basescu has described the conflict in eastern Ukraine, not far from the border with Romania. The Romanian head of state believes Russia is waging a proxy war, using Chechen, Cossack and Trandniestrian separatists deployed in the area to support the pro-Russian rebel militias. At the same time, it is also a form of guerilla and information warfare, to which the pro-Russian separatists have just added acts of terrorism.



    Responsibility for the latest developments, the Romanian President argues, lies with the separatists, but also with Moscow, which has given them political support, military personnel and equipment, including heavy weaponry. The President’s criticism comes as the international community is going at great lengths to shed light on the circumstances of last week’s crash of a Malaysia Airlines passenger flight that killed all 298 people onboard. Who is responsible for this attack?



    Traian Basescu: “Based on an analysis and the intelligence we have at present, we believe the terrorist group in Eastern Ukraine is directly responsible for shooting down the Malaysian Airlines plane. The Russian Federation has provided the rebels with specialists and equipment to carry out the strike, and therefore is equally responsible. I have heard president Putin’s plea against politicizing this incident. No one is politicizing it, but president Putin cannot hide from this, shunning responsibility with lies and deferrals”.



    In this context, can the European Union do more than it has already done? According to President Basescu, the answer is definitely yes.



    Traian Basescu: “Sanctions should have been applied a long time ago. There should have been harsher economic sanctions to dissuade the Russian Federation from fuelling the conflict in eastern Ukraine. Of course, there have always been arguments against such measures: one country may have large investments there, another country may be supplying them with state-of-the-art equipment. Some may rely on Russian energy exports, while others simply try to be on good terms with both the EU and the Russian Federation, and simply try to stay out of it. Of course, the economic aspects are extremely important. But the European Union is all about values, and our greatest value is the European citizen and his safety”.



    The more the EU delays imposing harsher sanctions on Russia, the higher the price Europe will pay for not putting an end to Vladimir Putin’s ambition to rebuild the former Soviet Union, President Traian Basescu concluded.

  • Romania and the Situation in Ukraine

    Romania and the Situation in Ukraine

    A hybrid war — this is how President Traian Basescu has described the conflict in eastern Ukraine, not far from the border with Romania. The Romanian head of state believes Russia is waging a proxy war, using Chechen, Cossack and Trandniestrian separatists deployed in the area to support the pro-Russian rebel militias. At the same time, it is also a form of guerilla and information warfare, to which the pro-Russian separatists have just added acts of terrorism.



    Responsibility for the latest developments, the Romanian President argues, lies with the separatists, but also with Moscow, which has given them political support, military personnel and equipment, including heavy weaponry. The President’s criticism comes as the international community is going at great lengths to shed light on the circumstances of last week’s crash of a Malaysia Airlines passenger flight that killed all 298 people onboard. Who is responsible for this attack?



    Traian Basescu: “Based on an analysis and the intelligence we have at present, we believe the terrorist group in Eastern Ukraine is directly responsible for shooting down the Malaysian Airlines plane. The Russian Federation has provided the rebels with specialists and equipment to carry out the strike, and therefore is equally responsible. I have heard president Putin’s plea against politicizing this incident. No one is politicizing it, but president Putin cannot hide from this, shunning responsibility with lies and deferrals”.



    In this context, can the European Union do more than it has already done? According to President Basescu, the answer is definitely yes.



    Traian Basescu: “Sanctions should have been applied a long time ago. There should have been harsher economic sanctions to dissuade the Russian Federation from fuelling the conflict in eastern Ukraine. Of course, there have always been arguments against such measures: one country may have large investments there, another country may be supplying them with state-of-the-art equipment. Some may rely on Russian energy exports, while others simply try to be on good terms with both the EU and the Russian Federation, and simply try to stay out of it. Of course, the economic aspects are extremely important. But the European Union is all about values, and our greatest value is the European citizen and his safety”.



    The more the EU delays imposing harsher sanctions on Russia, the higher the price Europe will pay for not putting an end to Vladimir Putin’s ambition to rebuild the former Soviet Union, President Traian Basescu concluded.