John Follain
Bloomberg
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Past articles by John:
Russia’s War in Ukraine: Key Events and How It’s Unfolding
Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe. → Read More
What to Know About NATO, Putin and Article 5
If Russia’s invasion of Ukraine was supposed to weaken NATO and stop its eastward expansion -- one rationalization offered by President Vladimir Putin -- it seems to have backfired. Rather than exploit tensions within the alliance, Russia’s war seemingly strengthened it, with Finland and Sweden, two close neighbors of Russia, seeking to join. The countries that make up NATO have not fired a shot… → Read More
EU Favors Only Limited Tweaks to Recovery Plans, Gentiloni Says
Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. → Read More
How Putin’s Hopes to Weaken NATO Did the Opposite
If Russia’s invasion of Ukraine was supposed to weaken NATO and stop its eastward expansion -- one rationalization offered by President Vladimir Putin -- it seems to have backfired. Rather than exploit tensions within the 30-nation alliance, Russia’s war seemingly strengthened it, with Finland and Sweden, two close neighbors of Russia, seeking to join. → Read More
EU Raises Pressure on Russia, Targeting Oil and Biggest Bank
The European Union plans to ban Russian crude oil over the next six months and refined fuels by the end of the year as part of a sixth round of sanctions to increase pressure on Vladimir Putin over his invasion of Ukraine. → Read More
Why Putin’s Demand for Rubles Has Europe Scrambling
Russian President Vladimir Putin’s decree imposing a new payments system for gas supplies has placed the European Union and Russia at loggerheads, with Moscow demanding that EU companies open accounts in rubles. The issue, sparked by Russia’s war in Ukraine and the Western response to it, escalated on April 27 after Russia cut off gas sales to Poland and Bulgaria, which refused to pay in rubles.… → Read More
Russia’s War in Ukraine: Key Events and How It’s Unfolding
Sign up here to get the latest updates on the Russian invasion of Ukraine. You can also follow us on Telegram here. → Read More
EU Backs Russian Coal Ban in First Punch at Energy Revenue
The European Union agreed to ban coal imports from Russia in its first move targeting Moscow’s crucial energy revenue after reports of Russian atrocities in Ukraine propelled officials to expand its fifth round of sanctions. → Read More
Putin’s Daughters Risk EU Sanctions Amid Outrage Over Ukraine
The European Union is discussing sanctioning Russian President Vladimir Putin’s daughters, according to people familiar with the matter, as the continent tries to respond to the killing of Ukrainian civilians by retreating Russian soldiers. → Read More
NATO Won’t Risk Broader Russia War With a Ukraine No-Fly Zone
Ukrainian President Volodymyr Zelenskiy is stepping up his calls for a no-fly zone as his country faces escalating Russian bombardment of key cities and strategic sites, but the NATO military alliance remains highly unlikely to support one. → Read More
EU Agrees to Move to Next Step in Ukraine’s Membership Bid
European Union ambassadors agreed on Tuesday to call for an initial assessment of Ukraine’s chances of joining the 27-nation bloc. The envoys will ask the European Commission, the bloc’s executive arm, to look into the possibility, according to officials who declined to be identified speaking on a confidential issue. EU leaders are expected to discuss Ukraine’s prospects at a summit in Paris on… → Read More
EU Seeks to Block Seven Russian Banks From Swift, Including VTB
The European Union is discussing the exclusion of seven Russian banks from the SWIFT messaging system, including VTB Bank PJSC and Bank Rossiya, according to a draft list of the proposal. → Read More
EU Proposes Sanctions on Some of Russia’s Wealthiest Tycoons
The European Union is discussing sanctioning some of Russia’s wealthiest tycoons as well as top officials in state companies and media in a further ratcheting up of its penalties for Moscow’s invasion of Ukraine, according to documents seen by Bloomberg. → Read More
EU Approves Banning Transactions With Russian Central Bank
European Union foreign affairs ministers approved banning all transactions with the Russian central bank, according to officials familiar with the decision. → Read More
EU Edges Toward Supporting Expulsion of Russia From SWIFT System
The European Union is getting closer to supporting the expulsion of Russia from the SWIFT financial messaging system over the invasion of Ukraine, with Italy moderating its previous concerns and publicly backing the proposal if endorsed by the rest of the bloc. The European Central Bank and the European Commission are assessing the impact such a move will have on the domestic economy to allow… → Read More
U.S. Holds Firm on Russian Demands With Ukraine Tensions High
The U.S. has provided its written response to Russia’s security demands, Secretary of State Antony Blinken said, the latest step in the high-stakes diplomacy over Moscow’s buildup of more than 100,000 troops on Ukraine’s border. → Read More
EU Sees Chance of Timely Deal in U.K. Post-Brexit Talks
The European Union’s Brexit negotiator said talks with the U.K. could prompt a timely resolution depending on political goodwill, but offered no evidence of a breakthrough after the latest round with Foreign Secretary Liz Truss. → Read More
EU to Talk With Blinken Amid Russia Standoff: Ukraine Update
European Union foreign ministers will discuss Ukraine with U.S. Secretary of State Antony Blinken Monday after Washington ordered family members at its embassy in Kyiv to leave due to the “threat of Russian military action.” → Read More
U.K., EU Agree to Intensify Talks to Resolve Post-Brexit Spat
The U.K. and the European Union agreed to intensify post-Brexit negotiations over Northern Ireland, as Foreign Secretary Liz Truss led the British side for the first time in a meeting at her official country residence. → Read More
How a Country Joins NATO (and Why Putin Cares)
Russian President Vladimir Putin’s massing of troops on Ukraine’s border has sparked a standoff with the West and raised fears of an invasion. At the heart of the dispute are Russian concerns about the eastward expansion of the North Atlantic Treaty Organization, the security alliance founded in 1949 to protect Europe against Soviet attack during the Cold War. Of the 14 countries bordering… → Read More