Europe

U.S. warned Austria's Raiffeisen Bank International (RBI) access to dollar system could be curbed over Russia ( www.reuters.com )

TLDR: RBI, the largest Western bank in Russia, has been warned by the U.S. Treasury about financial system access in a letter voicing concerns over its Russian business. Concerns remain even though RBI dropped plans to sell its Russia-business to sanctioned billionaire Deripaska. Austrian finance ministry says it assumes RBI...

We need to talk about Chinese and US influence in Europe’s energy industry, European researchers say ( theconversation.com )

The EU’s climate agenda is in trouble. The Green Deal, which aims to slash the bloc’s carbon emissions by 55% by 2030, had started off promisingly after several major pieces of legislation were adopted, including its ban on the sale of new combustion-powered vehicles from 2035 and new carbon border tax....

European made batteries could be 60% less carbon intensive than Chinese, researchers urging Europe to support investments ( www.transportenvironment.org )

Onshoring the EV supply chain to Europe would cut the emissions of producing a battery by 37% compared to a China-controlled supply chain, according to new analysis by Transport & Environment (T&E). This carbon saving rises to over 60% when renewable electricity is used. Producing Europe’s demand for battery cells and...

In an area in eastern Serbia, a steel mill acquired by Chinese company HBIS became synonymous with environmental degradation and health hazards for the local community ( www.onegreenplanet.org )

In the villages surrounding the eastern Serbian city of Smederevo, trouble has brewed over the last eight years. Once a symbol of economic promise, the steel mill acquired by Chinese company HBIS has become synonymous with environmental degradation and health hazards for the local community....

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