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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Azerbaijan's Defence Minister, Colonel General Zakir Hasanov, has met a delegation led by Admiral Giacinto Ottaviani, National Armaments Director at Italy's Ministry of Defence, to discuss strengthening military cooperation between the two countries.
The European Union's General Court has dismissed Ryanair's appeals against an Italian state aid scheme approved by the European Commission in 2020 to support airlines during the COVID-19 pandemic.
Southern European countries are preparing for another wave of scorching temperatures on Wednesday, having barely recovered from last month's heatwave. France, Italy, Spain and Portugal are all expected to face extreme heat, while wildfire risks remain high.
A severe heatwave sweeping across Europe has caused widespread disruption, with power outages reported in parts of France, emergency heat alerts issued in the United Kingdom and Spain, and growing pressure on energy and transport systems across the continent.
At least 12 people have been killed in forest fires in Almeria in southern Spain, Andalucía’s emergency agency has said, as firefighters continue efforts to put out the blaze.
U.S. President Donald Trump said Washington has agreed to resume talks with Iran after Tehran requested further negotiations, but declared that last month's ceasefire between the two countries was "over".
Dozens of flights have been cancelled across East Asia as Super Typhoon Bavi approaches China. The typhoon, which has maximum sustained winds of 162 kph (100mph), is nearing a remote chain of Japanese islands, east of Taiwan on Friday.
What began as a fan-created chant just months ago has become one of the defining images of this year's FIFA World Cup, with Norway's "Viking Row" sweeping through stadiums, city streets and social media.
British police have arrested a 26-year-old man on suspicion of the murder of Ann Widdecombe, a former government minister whose death was announced on Friday.
Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Sayyid Badr Albusaidi have discussed arrangements to ensure the safe passage of ships through the Strait of Hormuz.
The U.S. Department of Justice has ordered several New York Times journalists to testify before a federal grand jury.
A Miami-based tycoon wanted in Albania for allegedly laundering drug money is suspected of faking the deeds to land where Donald Trump’s son-in-law Jared Kushner wants to build a controversial multi-billion dollar resort, the country’s organised crime agency said in case files reviewed by Reuters.
A 26-year-old man arrested on suspicion of murdering British politician Ann Widdecombe has been released and is no longer part of the investigation, UK police have said.
Russia launched a barrage of ballistic missiles at Ukraine’s capital early on Saturday, injuring at least 10 people, officials said. The attack came as Kyiv faces a shortage of air defence munitions while awaiting fresh supplies to counter Russian strikes.
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