Italy has called for companies with ties to Russia to be excluded from Ukraine’s reconstruction efforts, arguing that those who helped fund Moscow’s war should not profit from rebuilding the country they helped destroy.
Italian Prime Minister Giorgia Meloni made the remarks during a conference in Rome focused on Ukraine's economic recovery, where more than €10 billion ($11.7 billion) in pledges were announced to support the war-torn nation.
“We want to work with Ukraine to ensure that those who have contributed to financing the Russian war machine do not benefit from reconstruction,” Meloni said in her speech.
Since Russia’s invasion of Ukraine in February 2022, the European Union has imposed sweeping sanctions targeting Russian energy revenues, banks, and its defense industry.
According to a statement from the Italian Treasury, Economy Minister Giancarlo Giorgetti also raised the issue in a bilateral meeting with Ukrainian Finance Minister Serhii Marchenko, emphasizing the need to scrutinize firms still linked to Russia.
Although both have significantly reduced their exposure, Italy's two largest banks — Intesa San Paolo and UniCredit — continue to operate in Russia.
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Three workers died on Friday after falling from a freight elevator at a construction site in the Vomero neighbourhood of Naples, Italian media reported.
Italy and Algeria agreed on Wednesday to cooperate on fighting terrorism and managing migration flows during an intergovernmental meeting in Rome, while companies signed new deals in energy and telecommunications.
Italy will add up to 15,000 new prison places and divert inmates with addiction issues to treatment centres, as the government confronts a severe overcrowding crisis and record suicide rates behind bars.
The Italian Justice Ministry has announced that the country may release around 10,000 people from prison to ease overcrowding.
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Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Thailand repatriated two Cambodian soldiers on Friday from a group of 20 detained last week, just days before crucial talks in Malaysia aimed at upholding a fragile ceasefire along the disputed Thai-Cambodian border.
Russian energy giant Gazprom increased its average daily natural gas supplies to Europe by 37% in July compared to June, when maintenance activities had curbed exports, calculations based on transmission data showed on Friday.
Southeast Asian nations expressed relief on Friday after the United States imposed tariffs on their exports that were significantly lower than anticipated- settling around 19% for the region’s largest economies and helping level the competitive field.
Germany announced on Friday it will send two more Patriot air defence systems to Ukraine, following a deal with the United States that ensures Berlin will be prioritised for receiving the latest replacements.
The freeze on President Donald Trump’s reciprocal tariffs ended on Friday, triggering new duties that Ford says have already cost it $2 billion and prompting warnings from global manufacturers and U.S. allies.
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