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Russia's continuing war on Ukraine was central to the EU leaders' debates at their special meeting on 30-31 May 2022. Closely linked to Ukraine, food security, security and defence, and energy were also high on the agenda. EU leaders approved €9 billion in special macro-financial assistance for Ukraine and agreed on a sixth package of sanctions against Russia, including a ban on seaborne oil (two-thirds of imports) with a temporary exemption for pipeline oil imports. On food security, the European ...

Plenary round-up - March II 2022

Auf einen Blick 25-03-2022

With the war in Ukraine high on Parliament's agenda, the highlight of the March II 2022 plenary session in Brussels was a formal address by Justin Trudeau, Prime Minister of Canada. Members held a debate with the Council and the European Commission on the need for an urgent EU action plan to ensure food security inside and outside the EU, in the light of the Russian invasion of Ukraine. They also debated the power of the proposed joint European action to secure more affordable, reliable and sustainable ...

Macro-financial assistance to Moldova

Auf einen Blick 21-03-2022

Following a request by Moldova (19 November 2021), the European Commission adopted on 4 January 2022 a proposal for disbursing up to €150 million in new macro-financial assistance (MFA) to the country, of which up to €30 million in grants and up to €120 million in medium-term loans at favourable financing conditions. The European Parliament is due to vote on the proposal during its second March plenary session.

Russia's war on Ukraine: EU budget response

Auf einen Blick 04-03-2022

While Ukraine has received considerable support from the EU and European financial institutions since 2014, Russia's invasion of Ukraine, launched on 24 February 2022, has triggered a historic and twofold mobilisation of EU funds – for humanitarian action and military support. The European Commission has announced over €500 million in financing for humanitarian aid and the Council has decided to use the off-budget European Peace Facility (EPF) to assist Ukraine with €500 million in military aid. ...

The Association Agreement is the main framework for EU-Ukraine relations, and promotes economic and political cooperation, as well as respect for common values. The European Parliament is due to discuss an own-initiative report on its implementation during the February plenary session.

Plenary round-up – Brussels, May 2020

Auf einen Blick 18-05-2020

The May 2020 plenary session was the third conducted with a majority of Members participating remotely, although more were present in Brussels than at the April session, and using the alternative voting procedure put in place in March by Parliament's Bureau. The session focused on a number of urgent legislative proposals as well as votes on discharge for EU institutions and bodies concerning the 2018 budget. On the response to the Covid 19 pandemic, Parliament called upon the European Commission ...

Am 22. April 2020 legte die Kommission einen Vorschlag für einen Beschluss über Makrofinanzhilfe (MFA) in Höhe von insgesamt 3 Mrd. Euro vor, mit der zehn Erweiterungs- und Nachbarschaftspartnerländer bei ihren Bemühungen, die wirtschaftlichen und sozialen Folgen der COVID-19-Pandemie abzumildern, unterstützt werden sollen. Das Parlament wird voraussichtlich während der Plenartagung im Mai über seinen Standpunkt abstimmen.

This document presents the main features of the European Financial Stabilisation Mechanism (EFSM). The EFSM allows the Commission to provide loans to euro area Member States threatened by severe difficulties and to access financial markets, by issuing bonds or with private placements. The amount that can be borrowed by the Commission on behalf of the European Union is limited.

This note provides an overview of the surveillance of the three Member States that have been assessed as experiencing excessive macroeconomic imbalances in the context of the 2019 European Semester cycle and according to the Macroeconomic Imbalance Procedure (MIP). Separate notes describe the state of play of the MIP implementation and the MIP procedure.

This briefing gives an overview of recent European Commission (COM) opinions on the budgetary situation of five Member States (Belgium, Spain, France, Portugal and Slovenia) whose 2019 Draft Budgetary Plans (DBPs) are assessed to be “at risk of non-compliance” with their obligations under the Stability and Growth Pact (SGP) and of one country (Italy) whose 2019 DBP is considered to be in particularly serious non-compliance with its obligations under the SGP. This briefing will be updated as further ...