Ministers held an exchange of views on the state of play of security of supply and preparations for winter 2024-2025. Among other things, they addressed ways to avoid, both individually and collectively, new price shocks and to strengthen energy security, while achieving the established targets on decarbonisation and on phasing out Russian fossil fuels. Different […]
Council adopts regulation on instant payments in euro
The Council adopted a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries. The new rules will improve the strategic autonomy of the European economic and financial sector as they will help reduce any excessive reliance on third-country financial institutions and infrastructures. Improving the possibilities […]
Immobilised Russian assets: Council decides to set aside extraordinary revenues
The Council adopted a decision and a regulation clarifying the obligations of Central Securities Depositories (CSD) holding assets and reserves of the Central Bank of Russia (CBR) that are immobilised as consequence of EU’s restrictive measures. After Russia launched its illegal and unjustified full-scale invasion of Ukraine in February 2022, the EU, in coordination with […]