European Commission President Ursula von der Leyen on Wednesday announced up to €9 billion in short-term macro-financial assistance to Ukraine, to be made available later this year. "We propose to complement the significant short-term assistance provided so far with new exceptional macro-financial assistance to Ukraine amounting...
Tag: European Commission
European Union with 210 billion plan by 2027 to be independent of Russian energy
The European Commission will propose an energy package that implies an additional investment of 210 billion euros by 2027 for the European Union (EU) to become independent of Russian energy and meet environmental targets. In the draft communication due to be released this Wednesday, to which the Lusa agency had access, it reads that...
European Commission moves ahead with full embargo on Russian oil
After weeks of discussion between European central bodies and member states, the European Commission this morning presented a new package of sanctions against Russia that includes a total ban on imports of oil, whether seaborne and pipeline, crude and refined. The announcement was made this Wednesday by Ursula von der Leyen, who specified that the...
Ukraine's EU candidacy may have its opinion by June
The European Commission, the executive arm of the European Union, intends to have an opinion by June on Ukraine's application to join the bloc of 27. The information is advanced by Bloomberg news agency, citing sources close to the matter. Ukraine announced this Monday that it has already completed the questionnaire that marks the beginning of the process. O...
EU to fund over 500 million euros for arms purchases for Ukraine
European Commission President Ursula von der Leyen says the European Union (EU) is preparing a €500 million package for arms purchases for Ukraine alone, after first doing so in February. According to the president of the European Council, Charles Michel, the...
"Massacre" in Bucha: European Commission opens investigation
About the "massacre" in Bucha, in order to establish the veracity of the facts , the European Commission announced the opening of an investigation into the crimes committed in the city on the outskirts of Kyiv. For its part, the UN has called for the exhumation and identification of the bodies found in the Ukrainian city. The Russians, on the other hand, continue
Brussels plans to facilitate the exchange of Ukrainian refugee banknotes
The European Commission proposed on Friday that the European Union facilitate, free of charge and at the official exchange rate, the conversion of Ukrainian banknotes into local currency, up to nearly 300 euros (10,000 hryvnias) per person fleeing the war in Ukraine. This measure will last for at least three months. "The Commission today [Friday] adopted the...
EU has already spent more than 280 million euros in aid to Ukraine
The European Commission has spent a further €289 million in emergency macro-financial assistance to Ukraine. It has adopted a grant of 120 million euros for this country as budgetary support in the form of a state-building contract. EU sources remind EFE that since the beginning of the Russian invasion that...
EU works on new sanctions package against Russia
Text from sapo portal The president of the European Commission confirmed today that the European Union is working on new sanctions against Russia in light of the Kremlin's "negligence towards civilians" during the ongoing military offensive in Ukraine. In a press statement at the EU executive's headquarters in Brussels, the prime minister...
Google to pay €24.4 MM fine for abuse of commercial hegemony
The European Commission (EC) has imposed a €24.4 billion fine on Google for abusing its status as a leader in EU e-commerce. The company appealed the decision, this Wednesday, but the General Court of Justice of the European Union refused. The EC alleges that the tech giant has used at will its...