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 is hosting the fourth annual international conference on Ukraine's reconstruction, as Russia ramps up its aerial and ground assaults on Ukraine. The event brings together political leaders, international organisations, and businesses to foster public-private partnerships in Rome.
Rome will host the Ukraine Recovery Conference 2025 and the meeting of the Coalition of the Willing, an initiative led by the United Kingdom and France. The two initiatives are aimed to guarantee Ukraine's survival as an independent, sovereign nation in response to Russia’s invasion.
Vietnamese Deputy Minister of National Defence, Senior Lieutenant General Hoang Xuan Chien, and Italian Undersecretary of State for Defence, Matteo Perego di Cremnago, co-chaired the 5th Vietnam–Italy Defence Policy Dialogue in Hanoi on July 2, as reported by VNA.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
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.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
Washington and Ottawa are once again at odds, as President Trump unveils a sharp new tariff on Canadian goods—citing drug trafficking and trade disputes just weeks ahead of a key deadline.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
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