The European Commission has approved €300M in financing for five defense projects. The European Commission approved funding for five defense projects, each of which will receive €60M. Most of the projects also include purchasing defense products for Ukraine, particularly air defense... #AirDefenseSystems #DefensePurchases #EDIRPA #EUdefense #EuropeanCommission
The new composition of the European Commission demonstrates its firm support of Ukraine. The position of Defense Commissioner has been created in the EU and former Prime Minister of Lithuania Andrius Kubilius, an ardent supporter of Ukraine, is the first to hold it. “For those who c... #AndriusKubilius #EUdefense #EuropeanCommission #EuropeanParliament #SupportUkraine
Ukraine will use interest from Russian assets to strengthen its defense capabilities. The EC proposes freezing the Russian central bank’s assets for five years in exchange for a $50B loan. “The Ministry of Defense of Ukraine plans to use these funds to purchase the necessary resources and means of protection that will help strengthen national security”, said Deputy Defense M... #DmytroKlimenkov #EuropeanCommission #MilitaryAidforUkraine #RussianAssetsProfits #RussianCentralBank
How is Brussels preparing for the possibility of a Trump victory in the US presidential elections? The European Commission has formed a dedicated group of officials to develop a strategy to respond to the consequences of the US presidential election, writes the FT. The EC is preparing for Donald Tr... #DonaldTrump #EuropeanCommission #KamalaHarris #NATO #USelections #WarinUkraine
The EC has restricted companies and private investors from exchanging assets with Russians. The European Commission has prohibited individuals and legal entities from EU countries from participating in an asset exchange scheme proposed by Russia. This is in response to the participation of t... #circumventionOfSanctions #EuropeanCommission #ExchangingAssets #ForeignInvestor #RussianAssets
Ukraine signed a €27B loan agreement with the EU under the Ukraine Facility program. Ukraine and the European Commission have signed a credit agreement within the Ukraine Facility program, which will provide €27B in loans from 2024-2027 to finance the state budget deficit. The Nationa... #EuropeanCommission #financialaidforUkraine #LoanForUkraine #nbu #SupportUkraine #UkraineFacility
The EU will punish Hungary to help Ukraine’s accession to the bloc. Hungary will not retain its current position as an enlargement commissioner in the new European Commission. As diplomats told Politico, the EC is tired of Hungarian Prime Minister Viktor Orbán’s... #EUexpansion #EuropeanCommission #EuropeanIntegration #Hungary #UkraineAccessionToEU #UkraineEU #VictorOrban
The EC approves the Ukraine Facility plan; Kyiv will receive payments totaling €50B from the fund. The European Commission adopted the Ukrainian Facility, which is the basis for implementing the €50B Ukrainian fund in the EU budget for 2024-2027. Thus, Ukraine will receive regular payments that are... #EuropeanCommission #GDPinUkraine #UkraineBudget2024 #ukrainedebt #UkraineEconomy #UkraineFacility
Even without unanimous agreement, the EC is working on a solution to provide €50B to Ukraine. EC President Ursula von der Leyen once again called for the speedy approval of the €50B, four-year Ukraine Facility aid plan within the medium-term review of the EU budget. The head of the European Co... #EuropeanCommission #EUsupportforUkraine #UkraineFacility #UrsulavonderLeyen
The EC approves a plan for the use of the Russian Federation’s frozen assets for Ukraine’s benefit. As a high-ranking EU official told journalists at a closed briefing, the European Commission will not publish the proposal but will submit it to the European Council for study and decision-making. The... #EuropeanCommission #RussianAssets #RussianAssetsConfiscation #UkraineRestoration
The European Commission’s proposal to increase the common budget by €100B for 2021-2027 was resisted by EU members. According to the FT, half of the total amount, €17B in grants and €33B in loans, is intended for Ukraine. There is almost unanimous agreement within the bloc on this matter, although some countries ha... #EUbudget #EuropeanCommission #financialaidforUkraine #UkraineBudget
The EU has raised money for Ukraine through the issuance of bonds. The European Commission placed bonds on behalf of the EU in the amount of €5B. Part of the funds raised under the Macro-Financial Assistance Plus program will be directed to Ukraine’s financial ... #EUfinancialAid #eurobonds #EuropeanCommission
The EU is arguing over the mechanism of using the Russian Federation’s frozen assets for Ukraine’s reconstruction of Ukraine. Differences of opinion arose between the European Commission and the European Central Bank regarding the use of profits from the investment of more than €200B in frozen assets belonging to the Russian... #ECB #EuropeanCommission #RussianAssets #RussianCentralBank #UkraineRecovery
The European Commission will halve the common defense procurement fund for Ukraine. According to Euractiv, in July 2022 the EU executive proposed creating the EDIRPA initiative to stimulate urgent weapons purchases by EU member states to replenish their stocks and provide military su... #EDIRPA #EuropeanCommission #WeaponsforUkraine
A special body will monitor the implementation of EU sanctions against the Russian Federation. The European Commission is preparing to launch a project with nine member states to identify gaps in the sanctions program against Russia and improve coordination between national governments when san... #EuropeanCommission #SanctionsAgainstRussia #SanctionsImplementation
The European Commission will hold a meeting with the Ukrainian government in Kyiv on February 2. According to the official representative of the EC, Eric Mamer, this meeting is a powerful symbol of the solidarity of the European Commission and the EU with Ukraine during these challenging times fo... #EuropeanCommission #UrsulavonderLeyen #ValdisDombrovskis
The European Commission will announce the presentation of a financial assistance plan for Ukraine in the coming weeks, EC Vice President Valdis Dombrovskis said. According to Dombrovskis, Ukraine’s financing needs are growing. Therefore, a more strategic financing plan should be considered to ensure Ukraine’s e... #EUfinancialAid #EuropeanCommission #ValdisDombrovskis
The EU is preparing the eighth package of sanctions against the Russian Federation. In the eighth sanctions package, the European Commission will discuss a plan to limit prices for Russian oil, which the G7 countries are trying to introduce. According to Politico, on September 23, re... #anti_Russiansanctions #EuropeanCommission #EUsanctionsforRussia #RussianOil
The European Commission will punish Hungary. On September 18, the European Commission recommended that the EU suspend about €7.5B in funding for Hungary due to Budapest’s retreat from democracy and the possible misuse of EU money, writes T... #EuropeanCommission #Hungary #VictorOrban
The European Commission proposes to cap the price of Russian gas at €50 per MWh. This is five times less than the current spot price, reported Politico. The publication notes that this step may be risky because the EU must be ready to refuse Russian gas immediately. After all, the... #EuropeanCommission #EuropeGasPrices #RussianGas
The EC will finance suspended Ukrainian cross-border projects. The European Commission will provide financing for cross-border cooperation projects with the Eastern Partnership countries, which were suspended because of the war, reported the European Commission.... #crossborderprojects #EuropeanCommission #UkraineMoldova
The EU will remove the pipeline oil ban from the sixth package of sanctions. The European Union has proposed banning marine oil imports from Russia, but has postponed an embargo on pipeline oil to overcome a sanction blockade by a few countries, reported Bloomberg. The Europea... #EuropeanCommission #EUsanctions #RussianOilEmbargo #SanctionsAgainstRussia
The EU prepares a new package of financial assistance for Ukraine. The European Commission intends to propose a new financial aid package to Ukraine on Wednesday, which includes new loans to provide immediate liquidity to Kyiv and commitments to long-term financing ... #EuropeanCommission #financialaidforUkraine #G7 #KristalinaGeorgieva #WarinUkraine
The EU has announced the 5th package of sanctions against Russia. At a briefing on April 5, European Commission President Ursula von der Leyen announced the next package of sanctions. Here are the most critical sanctions that have yet to be approved by the EU Counci... #EuropeanCommission #RUSSIA #Sanctions #UrsulavonderLeyen
The European Commission will present a plan to overcome energy dependence on Russia. By the end of March, the European Commission must submit proposals to ensure EU energy security during the following winter period, and by the end of May, a detailed plan for the gradual elimination o... #EnergyIndependence #EUenergy #EuropeanCommission
The European Commission will allocate €1.2B to Ukraine. The European Union will provide another €1.2B in financial assistance to Ukraine, announced European Commission President Ursula Von der Leyen. This package will help Ukraine meet its financing needs ... #EuropeanCommission #EUsupportforUkraine #UkraineEU
