In June 2024, the Ukrainian authorities expanded their list of sanctioned entities to include Lukoil, which supplies crude oil to MOL Group refineries. This led to the suspension of crude oil supplies in mid-July 2024 to the Bratislava (Slovakia) and Százhalombatta (Hungary) plants. Both plants, thanks to the derogations they received in 2022 for sanctions imposed by the European...
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After the pandemic-related loosening of fiscal rules – in the new framework following the reform – the EU’s excessive deficit procedure is returning. On 26 July 2024, the Council of the European Union decided to initiate it against seven member states, including three from Central Europe: Poland, Slovakia, and Hungary. This is the result of failing to meet the deficit...
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On 23 July 2024, the government of Prime Minister Kristen Michal was sworn in at an extraordinary meeting of the Riigikogu after Kaja Kallas was nominated as EU High Representative for Foreign Affairs and Security Policy (“IEŚ Brief Commentaries”, no. 1167). Kristen Michal, Minister of Climate in Kaja Kallas’ government and previously Minister of Economy and Infrastructure...
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Romania, through the implementation of the Neptune Deep project, has the opportunity to become the largest producer of natural gas among the countries of the European Union. The development of the Domino and Pelican South fields could be an essential element in strengthening the energy security not only of Romania but also of Central European countries. The increased availability...
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Russia in Hungary’s energy policy. For many years, Hungary’s energy policy has been directed toward close cooperation with the Russian Federation. Importantly, the outbreak of the war in Ukraine and the subsequent EU sanctions did not fundamentally lead to a reorientation of mutual political and economic relations. Crude oil supplies via the Druzhba pipeline, as well as...
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In Lithuania, the government has adopted a new energy security strategy with a vision extending to 2050. The document, known as the National Energy Independence Strategy, is currently awaiting parliamentary approval. This new strategy is expected to enhance energy independence and enable the export of surplus electricity. The energy transition process is anticipated to accelerate...
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On 22 May 2024, the Russian Federation presented a draft that could lead to the revision of the internal waters boundary in the Baltic Sea. Despite its removal from the agenda of the legislative work of the Russian Duma, the proposal has nevertheless caused considerable concern among neighbouring states due to the potential revision of bilateral and multilateral agreements...
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The Russian-Ukrainian war has initiated a strategic shift in Slovakia, moving away from the reliance on natural gas supplies from the Russian Federation. In this new geopolitical context, Slovakia’s challenge lies in securing alternative sources of this commodity, rather than in developing infrastructure, which has already been established over the years and currently...
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The blue economy is a concept of sustainable use of marine, ocean, and coastal resources aimed at supporting economic development while caring for the environment. In Poland, Lithuania, Latvia, and Estonia, this part of the economy generates over 5 billion EURof annual value added and employs over 200,000 workers. The blue economy also plays an important role in achieving the...
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