The European Commission has disbursed today the first €3 billion tranche of its exceptional Macro-Financial Assistance (MFA) loan for Ukraine, which will be repaid with proceeds from immobilised Russian State assets in the EU. This loan, amounting up to €18.1 billion, represents the EU’s contribution to the G7-led Extraordinary Revenue Acceleration (ERA) loans initiative, which […]
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More military support for Ukraine amid the involvement of China and North Korea
In a resolution adopted on Thursday, Parliament condemned Russia’s use of North Korean troops against the Ukrainian army and its testing of new ballistic missiles in Ukraine. These recent escalatory steps represent a new phase in the war and a new risk for Europe’s security as a whole, MEPs argue, calling on the EU and […]
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EU widens restrictive measures in view of Iran support of the Russian war
The Council yesterday decided to widen the scope of the EU framework for restrictive measures in view of Iran’s military support to Russia’s war of aggression against Ukraine and to armed groups and entities in the Middle East and the Red Sea region. This additional measure is targeted to the use of vessels and ports for the […]
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EU launches call for EU companies to invest in Ukraine recovery and reconstruction
At the first EU-Ukraine Investment Conference, which started on 13 November, the European Union has launched a call for expressions of interest to mobilise EU private investment in critical areas to support Ukraine’s reconstruction efforts. Proposals will be reviewed and matched with the most suitable investment projects funded under the Ukraine Investment Framework, which is […]
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Parliament calls for an EU crackdown on Russia’s ’shadow fleet’
MEPs demand more targeted EU sanctions against Russia’s so-called ‘shadow fleet’, which provides a key financial lifeline for Moscow’s war in Ukraine. Russia uses old tankers, often uninsured and with unclear ownership, to export its crude oil and petroleum products abroad, despite EU, G7 and international sanctions. These activities have also raised fears over the […]
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