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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Italy's foreign minister informed the upper house of parliament on Thursday, that additional sanctions were necessary to exert pressure on Russian President Vladimir Putin to engage in negotiations aimed at ending the conflict in Ukraine.
Italian Prime Minister Giorgia Meloni praised her country's "excellent" relationship with India during a phone call on Wednesday with her counterpart Narendra Modi, without referring to U.S. calls for the EU to impose tariffs of up to 100% on Indian imports.
Three young sisters drowned when the rubber boat carrying them and dozens of other migrants got into difficulties on the perilous central Mediterranean crossing from Libya to Italy, a German sea rescue charity RESQSHIP said on Sunday.
Thousands of people marched in Messina, Sicily, on Saturday (9 August) protesting against a government plan to build the world’s longest suspension bridge connecting the Italian mainland to Sicily.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
The head of SOCAR România, Ramil Asadullazade, is under scrutiny after Romanian media published photographs and details of an alleged affair with the company’s HR director, Bibiana Constantin.
France witnessed widespread protests under the slogan ‘Block Everything’ reflecting social, economic, ecological, and political discontent, with hundreds of thousands taking to the streets across the country on the 10th of September.
Italy's foreign minister informed the upper house of parliament on Thursday, that additional sanctions were necessary to exert pressure on Russian President Vladimir Putin to engage in negotiations aimed at ending the conflict in Ukraine.
Turkish authorities have launched a major operation targeting organised crime, smuggling, fraud, and money laundering, freezing assets of 121 companies, including major media outlets, according to TRT Haber.
Britain has sacked Peter Mandelson as its ambassador to the United States over his relationship with the late convicted sex offender Jeffrey Epstein, its foreign ministry said on Thursday.
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