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 […]
Ukraine: Council extends the mandate of the EU Military Assistance Mission for two years
On 8 November, the Council adopted a decision extending the mandate of the European Union Military Assistance Mission in support of Ukraine (EUMAM Ukraine) for a further two years, until 15 November 2026, with a budget allocation of nearly €409 million for the period from 14 November 2024 to 15 November 2026. EUMAM Ukraine remains a […]
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 […]
EU provides €40 million in humanitarian aid for winter preparedness in Ukrain
In response to the continued attacks on Ukrainian energy infrastructure, the Commission is increasing its humanitarian funding for vulnerable Ukrainians with an additional €40 million before the winter. Of this amount, €35 million will go to humanitarian projects in Ukraine and €5 million to support Ukrainian refugees and their host communities in Moldova.. The main […]
Newly elected Parliament reaffirms its strong support for Ukraine
With Russia’s war against Ukraine raging on, Parliament reconfirmed on Wednesday its view that the EU must continue to support Kyiv for as long as it takes until victory. The resolution, which sets out the newly-elected European Parliament’s first official position on Russia’s war of aggression against Ukraine, restates the continued support of MEPs for […]
EU adopts 14th package of sanctions against Russia
The Commission welcomes the Council’s adoption of a 14th package of sanctions against Russia. The new package responds to the needs and findings on the ground, and tackles enforcement issues. As the Russian aggression against Ukraine continues, the EU remains determined to keep acting to further reduce Russia’s sources of revenue and capacity to wage […]
83 states and organisations send a clear signal to the people of Ukraine
Switzerland invited delegations from around the world to take part in the the high-level conference on peace in Ukraine on 15 and 16 June 2024 in Bürgenstock (Canton of Nidwalden), with the objective of developing a common understanding of a path towards a comprehensive, just and lasting peace in Ukraine. Speaking on Saturday 15 June, President […]
EU to use profits from frozen Russian assets to help Ukraine
In the light of Russia’s continued war of aggression against Ukraine, the Council today adopted a set of legal acts ensuring that the net profits stemming from unexpected and extraordinary revenues accruing to central securities depositories (CSDs) in the EU, as a result of the implementation of the EU restrictive measures, will be used for […]