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Europe
Hungary
10.03.2026 Tensions between Budapest and Kyiv are escalating over energy supplies. Hungarian Prime Minister Viktor Orbán recently urged Zelenskyy to restore oil shipments through the Druzhba oil pipeline, one of the world’s largest pipeline networks transporting Russian crude to Central and Eastern Europe. Hungary relies heavily on Russian crude transported through Ukrainian territory via the Druzhba pipeline. Hungarian and Slovak officials have accused Kyiv of deliberately delaying the pipeline’s restart. Shipments were interrupted on Jan. 27. In an open letter, Orbán accused Ukraine of blocking the pipeline - also known as the Friendship Pipeline. The disruption threatens Hungary’s energy security. Speaking on state radio, Orbán said Budapest had already halted gasoline and diesel deliveries linked to Ukraine and Hungary could take further retaliatory steps, could block additional measures if oil transit is not restored. Budapest has also threatened to block a proposed €90 billion ($105 billion) EU financial package for Ukraine, saying it will not support additional funding while its energy interests are under pressure. Hungary’s Parliament today adopted a resolution opposing Ukraine’s membership in the European Union (EU), warning that admitting the war-torn country could draw the bloc directly into the conflict with Russia. Lawmakers said Ukraine’s accession should not proceed while the country remains at war. The resolution calls on the Hungarian government to oppose the launch of substantive accession negotiations and to reject Ukraine’s future entry into the bloc. The resolution urges the government to support international peace efforts and avoid sending additional financial or military assistance to Ukraine. It also calls on Budapest to resist initiatives that would transform the EU into a military alliance and to oppose attempts by EU institutions to bypass the bloc’s unanimity rule in decision-making. The measure passed in the National Assembly with 142 votes in favor, 28 against, and four abstentions. The resolution calls on the government to support international peace efforts, avoid sending money or weapons to Ukraine, and prevent both Hungary and the EU from being drawn into the war, a statement by government spokesperson Kovács read. The statement also criticizes continued financial and military support for Kyiv. It notes that the EU has already provided ' about €193.3 billion ($225 billion) in aid ' to Ukraine since Russia’s full-scale invasion began in 2022 and warns that 'Ukraine’s potential share of the bloc’s next seven-year budget could exceed €360 billion ($419 billion)'. Hungarian lawmakers said such spending could reduce funding available for existing member states through cohesion and agricultural programs. (Source: Anadolu Agency - Turkey)
March 10, 2026, Tuesday // 09:15 Rising oil prices, fueled by the ongoing war involving Iran, have pushed up diesel and gasoline costs globally. Hungary plans to release fuel reserves sufficient to cover 45 days of domestic needs. The announcement was made by Economy Minister Nagy, as reported by Reuters. Hungary's government has moved to ban the export of crude oil, diesel, and 95-octane gasoline. The day prior, Prime Minister Viktor Orbán stated that Hungary would cap fuel prices as a measure to shield both consumers and businesses from escalating costs. The price ceiling applies specifically to vehicles registered within Hungary. Orbán also took the opportunity to urge the European Union to abandon its sanctions on Russian energy. (Source: Novinite - Bulgaria)
Finland
10.03.2026 Finland’s three opposition parties are set to vote against a government bill that would allow 'nuclear weapons to be transported' into or through the country, criticizing the government for discussing the issue within a limited circle rather than following Finland’s tradition of broad consultation on major foreign and security policy decisions. The proposal, announced last week by Defense Minister Hakkanen, would remove Finland’s current legal ban on bringing nuclear weapons onto its territory. (Source: Anadolu Agency - Turkey)
France
10.03.2026 Nuclear energy is key to reconciling independence and energy sovereignty, decarbonization and achieving carbon neutrality 'by 2050', and competitiveness, which enables job creation in our economies, French President Macron said during his speech at the Nuclear Energy Summit held in Paris. He stressed the need for competitivenes. (Source: Anadolu Agency - Turkey)
Germany
March 10, 2026 1:59 pm CET The majority of Germans oppose the attacks, according to surveys and German chancellor Merz warns against ‘endless war’ in Iran. Today he took a harder tone, warning that a long war could lead to a quagmire that disrupts Europe’s energy supply and sparks another refugee crisis. EU leaders were set to conduct a video conference today hosted by Germany. Belgium and Italy focused, among other things, on how to tackle rising energy prices across the bloc. Speaking alongside Czech Prime Minister Andrej Babiš in Berlin, Merz warned against calls to loosen sanctions against Moscow in order to bring down energy prices. Merz expressed concern that there’s no common plan, there's lack of a strategy by the U.S. and Israel for bringing this war to a swift and convincing conclusion. The day after the attacks were launched, Merz expressed doubt that they would succeed in toppling the regime in Tehran, while also saying Germany was in no position to lecture its allies. Since then, the chancellor has repeatedly said he supports the U.S. and Israeli goal to topple the regime. (Source: Politico - U.S.)
10/03/2026 - 11:02 GMT+1 Volkswagen Group net profit slumped 44% to €6.9bn in 2025, the carmaker's worst result since the diesel emissions scandal nearly a decade ago. Trade conflicts, difficulties in China and the change in strategy at Porsche are putting Europe's largest car manufacturer under pressure. Trump's tariffs hit the US market for Volkswagen cars particularly hard, while changes to environmental regulations and the withdrawal of government subsidies have cooled demand for electric vehicles. In China, long Volkswagen's most important growth market, local manufacturers including BYD, Geely and Nio are closing the technological gap and gaining market share. The sports car brand Porsche suffered a sharp drop in Chinese sales while absorbing the costs of a strategic reversal. Having long prioritised electric vehicles, Porsche is now pivoting back toward combustion engine models. The Volkswagen group had already agreed 35,000 job reduction with trade unions at the end of 2024. According to the announcement made by chief executive Blume in Wolfsburg today, the group plans to cut 50,000 jobs in Germany by 2030, a dramatic escalation of its cost-cutting programme. The current predicament is considered to be more damaging than the 2015 scandal. The Group now expects profitability to improve again in 2026. (Source: Euronews - based in Lyon, France)
European Commission
10/03/2026 - 16:07 GMT+1 Oil prices soar, EU and US clash over Russia sanctions relief. Since Trump's re-election, Europeans have struggled to keep the US president on their side. In late October the US imposed sanctions on Rosneft and Lukoil, Russia's two largest oil companies. Russia ended 2025 with a 18% year-on-year drop in revenues from crude oil sales. Brussels then saw a window of opportunity. In early February, the European Commission unveiled a new package of sanctions with a full ban on maritime services, such as insurance, banking and shipping, for Russian crude tankers. The ban is designed to replace the G7 price cap, recently adjusted to $44.10 per barrel, and significantly raise materials costs for vessels carrying Urals. Greece and Malta, with powerful shipping industries, raised concerns about the measure. G7 members have kept quiet about their positions. The G7 price cap, recently was adjusted to $44.10 per barrel. ’Our view is that we must continue to apply the G7 price cap and we must move towards a full maritime services ban,’ Dombrosvkis, the European Commissioner for the Economy said. (Russian Ural's oil daily price now: $90,96.) Hungary and Slovakia have vetoed the 20th package of sanctions over the dispute with Ukraine about the Druzhba pipeline. Yesterday, Hungary's Prime Minister Viktor Orbán called on the Commission to initiate "the review and suspension of sanctions on Russian energy". (His country's purchases of Russian oil and gas remain exempt from sanctions.) That same day, Putin said Russia was ready to resume fossil fuels exports to Europe, free from political pressures. President Trump has suggested suspending US sanctions on foreign oil in an attempt to bring down global prices, reassure panicked investors and contain the fallout from the war he launched. We have sanctions on some countries. We're going to take those sanctions off till this straightens out. Then, who knows? Maybe we won't have to put them on – there'll be so much peace, Trump said yesterday. Trump's press conference was preceded by a phone call with his Russian counterpart, Putin. Last week, Washington introduced a temporary exemption to allow India to buy Russian crude stranded at sea - a major reversal for the Trump administration, which had spent months browbeating New Delhi into ending purchases of Urals oil. The US currently sanctions oil trade with Iran, Venezuela, Syria, North Korea and Russia. In Brussels, officials look at the White House's volte-faces with increasing apprehension. ’They insist the EU will stay the course’. Granting sanctions relief to Russia would be ’self-defeating’, Commissioner Dombrovskis said. ’From the European Union's point of view, the situation is very clear: we must continue to exert maximum pressure on Russia and, indeed, the current oil and gas price spike may provide windfall revenues for Russia,’ Dombrovskis said today, after Trump's announcement and a ministerial meeting. ’Because the opposite would be self-defeating. It would reinforce Russia's capacity to wage war, undermining Ukraine, undermining our support for Ukraine and also undermining the goals which the US and Israel are trying to reach in Iran.’ Russian officials are already anticipating that Russian oil revenues rise. Asian countries dependent on the Middle East might be forced to resort to alternative providers. (Source: Euronews - based in Lyon, France)
(Tuesday), 10/03/2026 - 10:06 GMT+1 EU energy battles. Speaking of energy, Slovakian prime minister Robert Fico is due to meet commission president der Leyen today on the sidelines of the Nuclear Energy Summit in Paris. PM Fico made the announcement in a video message posted on social media on Sunday evening. The Slovak prime minister has warned that Slovakia could block the European Union’s €90 billion loan package for Ukraine after April if Hungarian Prime Minister Viktor Orbán loses Hungary’s election and Kyiv fails to restart oil flows through the Druzhba pipeline. Zelenskyy ’has recently been talking about resuming supplies in a month, which means after the Hungarian elections, where he is counting on the victory of the opposition. The most important message will be that Slovakia is ready to take over the baton from Hungary, if necessary.” PM Fico said. Hungary is currently blocking a loan to Ukraine over the Druzhba pipeline, a key route for Russian oil supplies to Hungary. Hungarian Prime Minister Viktor Orbán called on the European Union to suspend sanctions on Russian energy imports, as prices spike across Europe, amid Iran war. Hungary and Slovakia are the last EU member states importing large amounts of pipeline oil from Russia through the Druzhba pipeline running across Ukrainian territory. Both PM Orbán and PM Fico have accused Ukraine of refusing ’to repair’ the pipeline in order to exert political pressure on Budapest and Bratislava. The Slovakian prime minister has warned against what he describes as the Commission prioritising Ukraine’s interests over those of EU member states such as Slovakia and Hungary. PM Fico said he will urge der Leyen to pressure Zelenskyy to allow the pipeline to be inspected, adding that „Slovakia has satellite evidence suggesting Druzhba remains operational”. Against this backdrop, ’the European Commission will present a new plan today to lower energy costs and tackle energy poverty across the EU, amid soaring energy prices due to the conflict in the Middle East, according to an internal document seen. Executive Vice President Ribera and Energy Commissioner Jørgensen are set to propose measures aimed at lowering electricity costs. The plan includes reducing electricity taxes, making it easier for consumers to switch energy suppliers, and promoting ’energy communities’ in which citizens generate and share renewable power’. According to the Commission, the package ’could cut’ household electricity bills by around 14% and help millions of Europeans gain access to more affordable energy. The push to expand energy communities comes after an audit by the European Court of Auditors found earlier this week that the European Commission had failed to deliver on its pledge to empower local communities to produce and share clean energy. (Source: Euronews - based in Lyon, France)
’Liboreiro and Pacheco contributed’
March 10, 2026, Tuesday // 09:43 After a meeting of EU finance and economy ministers, where the steep climb in global energy prices dominated much of the discussion, European Commissioner for the Economy Dombrovskis signaled that the EU is prepared to release its strategic oil reserves should the deteriorating situation in the Middle East demand it. The participants were cautioned: the bloc must brace for a prolonged stretch of instability - one that could bring supply disruptions, further energy price hikes, and inflationary knock-on effects. The scale of the impact will ultimately depend on how long the conflict drags on and how intense it becomes, with stagflation emerging as a real risk over a longer horizon. Dombrovskis was particularly firm on the question of Russia. ’Keeping pressure on Russia prevents it from fueling its war machine’, he said. 'Failure to do so', he argued, 'would undermine Ukraine, EU solidarity, and Western allies more broadly'. ’Securing energy supplies’ and reopening the Strait of Hormuz are priorities, he added. (Source: Novinite - Bulgaria)
10.03.2026 Speaking at the World Summit on Nuclear Energy in Paris, European Commission President der Leyen today announced a new strategy to accelerate the development of small modular nuclear reactors (SMRs), aiming to have the technology operational across Europe by the early 2030s. She also said Europe once generated roughly one-third of its electricity from nuclear power in 1990, but the share has since fallen to about 15%. It was a strategic mistake for Europe, Der Leyen said. And: the European Commission will introduce 'a €200 million ($231 million)' guarantee to support private investment in innovative nuclear technologies. (Source: Anadolu Agency - Turkey)
European Union
10.03.2026 EU temporary protection for non-EU citizens fleeing Ukraine rises to 4.380.000 at the end of January, Eurostat reported today. The total figure increased by 23,110 people, or 0.5%, compared to December 2025. Germany hosted the largest number of beneficiaries with 1.26 million people; Poland followed with 965,990 people and Czechia with 397,185 (9.1%). The highest ratios of protection beneficiaries per thousand residents were found in Czechia (36.4), Poland (26.5), and Slovakia (25.8). Adult women represented 43.5% of the group, while minors accounted for 30.3% and adult men comprised 26.1%. The EU average stood at 9.7 per thousand people. Ukrainian citizens made up 98.4% of the total beneficiaries in the EU. (Source: Anadolu Agency - Turkey)
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