Economy

European Parliament approves creation of EUR 50B Ukraine Facility in EU budget

European Parliament approves creation of EUR 50B Ukraine Facility in EU budget

At a plenary meeting in Strasbourg, the European Parliament has approved the creation of the Ukraine Facility worth EUR 50 billion in the EU budget for 2024-2027, as delivered by the Members of the European Parliament, Michael Gahler and Eider Gardiazabal Rubial, and the proposals of the Council of the EU in this regard.

26 February 2024

25 February 2024

G7 to block frozen Russian assets until end of war

G7 to block frozen Russian assets until end of war

On February 24, the Group of Seven (G7) countries issued a statement confirming that Russia's sovereign assets in their jurisdictions will remain frozen until the end of Russia's full-scale war against Ukraine.

24 February 2024

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