Last April 1st, the European Commission took preparatory steps for the implementation of the €90 billion Ukraine Support Loan, aimed at securing necessary budgetary support and accelerating urgent defence procurement for Ukraine in 2026 and 2027. The package adopted today includes a proposal for the Council to approve the overall amount of the EU’s support […]
Ukraine receives another EUR 1 billion from the EU’s G7 loan contribution
The European Commission has disbursed the eighth tranche of its exceptional macro-financial assistance loan to Ukraine, worth EUR 1 billion, further strengthening the EU’s role as Ukraine’s largest donor since the start of Russia’s war of aggression, with overall support of more than EUR 170 billion. 18.1 billion and represents the EU’s contribution under the […]
Parliament approves up to €35 billion loan to Ukraine backed by Russian assets
On Tuesday, MEPs gave their green light to an extraordinary loan of up to €35 billion to Ukraine, to be repaid with future revenues from frozen Russian assets. With 518 votes in favour, 56 against and 61 abstentions, Parliament endorsed the new macro-financial assistance (MFA) to help Ukraine against Russia’s brutal war of aggression. This […]
Trade Committee approves financial aid to Ukraine backed by Russian assets
MEPs in the Trade Committee voted on Monday to support a loan of up to €35 billion to Ukraine as the EU’s contribution to the G7’s support initiative. The Trade Committee voted by 31 in favour, 4 against and no abstentions on the Commission proposal to support Ukraine with an exceptional Macro-Financial Assistance (MFA) loan […]
EIB lends €120 million to Cosentino Group to support its sustainability and circular economy strategy
The EIB will provide a €120 million loan to Cosentino Group, a global leader in the design and manufacture of innovative and sustainable surfaces. With the support of the EU bank, the multinational company will finance its innovation and sustainability strategy, focusing on key areas such as the circular economy, decarbonisation, energy efficiency and the use […]
The CJEU upholds the aid granted by the Valencian Finance Institute to Valencia CF
Judgment of the Court of Justice in Case C-211/20 P | Commission v Valencia Club de Fútbol On 5 November 2009, the Instituto Valenciano de Finanzas (IVF), the financial institution of the Generalitat Valenciana (Regional Government of Valencia, Spain), provided the Fundación Valencia, an association linked to Valencia CF, a Spanish professional football club, with […]
MEPs want better protection for consumers applying for loans online
The new EU rules aim at protecting consumers online from credit card debt, overdrafts and loans that are unsuitable for their financial situation. In a text adopted by the Internal Market and Consumer Protection Committee, with 42 votes in favour, 1 against and 1 abstentions, MEPs say that legislation should cover credit agreements of up […]