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.
Norway's $2 trillion sovereign wealth fund said on Monday it is terminating contracts with asset managers handling its Israeli investments and has div...
The Russian and Belarusian armed forces will hold joint strategic drills in Belarus from 12 to 16 September, the Belarusian Defence Ministry announced...
Iraqi Foreign Minister Fuad Hussein has proposed a "6+2" format meeting bringing together Iran, Iraq, and the six Gulf Cooperation Council (GCC) membe...
European Union member states said on Tuesday that Ukrainians must have the right to decide their own future, speaking ahead of Friday’s planned talk...
The U.S. and China have extended their tariff truce for 90 days, avoiding triple-digit duties on each other’s goods and easing market concerns as Wa...
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.
Italy’s government gave final approval on Wednesday for the construction of a long-planned suspension bridge linking Sicily to the mainland, a project touted as the world’s longest single-span bridge despite decades of environmental, financial and logistical concerns.
Leaders of Türkiye, Italy and Libya met in Istanbul on Friday, pledging deeper cooperation on energy, migration and regional stability.
Three workers died on Friday after falling from a freight elevator at a construction site in the Vomero neighbourhood of Naples, Italian media reported.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
'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.
The Russian and Belarusian armed forces will hold joint strategic drills in Belarus from 12 to 16 September, the Belarusian Defence Ministry announced on Tuesday.
European Union member states said on Tuesday that Ukrainians must have the right to decide their own future, speaking ahead of Friday’s planned talks between U.S. President Donald Trump and Russian President Vladimir Putin.
The U.S. and China have extended their tariff truce for 90 days, avoiding triple-digit duties on each other’s goods and easing market concerns as Washington and Beijing continue talks on a broader trade agreement.
Russian forces have advanced up to 10 km near Dobropillia in Ukraine’s Donetsk region, military trackers say, sparking warnings from analysts of a potentially serious escalation days before a Trump-Putin summit on ending the conflict.
New Zealand parliamentarian and Green Party Co-leader Chlöe Swarbrick was ordered to leave Parliament on Tuesday (12 August) after refusing to apologise for remarks made during a heated debate on the government’s position regarding the recognition of Palestinian statehood.
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