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The June 2022 European Council meeting marked a potentially historic moment: EU leaders granted Ukraine and Moldova candidate status and also confirmed Georgia's European perspective. Although highly anticipated, this major step was neither obvious nor uncontroversial, as for the first time it concerned a country still at war, generating intense discussions both within the European Council and with partner countries. On Ukraine, EU leaders took stock of the situation in the country, confirmed their ...

This paper provides a summary of recent economic, financial and budgetary decisions and developments following President Vladimir Putin’s decision of 24 February to start a military attack against Ukraine. It includes recent information relating to the EU sanctions regime, recent economic estimates, and policies supporting economic and financial resilience, including the coordination of national economic and fiscal measures. It also highlights policy recommendations made in the public domain to mitigate ...

Proposed anti-coercion instrument

Briefing 16-06-2022

It is widely held that geopolitical tensions in the world are on the rise. One of the clear indicators of this phenomenon is the increasing use of economic tools for the pursuit of strategic and geopolitical aims. This can take the form of coercion used by one country against another through restrictions on trade or investment in order to interfere with their sovereign choices. In response to the EU and its Member States becoming the target of deliberate economic coercion in recent years, on 8 December ...

The unjustified Russian invasion of Ukraine has damaged transport infrastructure, caused major transport disruptions and led to a massive flow of refugees into the EU and neighbouring countries. In response, the EU has adopted several sets of sanctions, leading to the closure of EU airspace to Russian aircraft, the closure of EU ports to Russian vessels, a ban on Russian transport operators and a ban on exports of goods and technology in the aviation, maritime and space sectors. Designed to undermine ...

Plenary round-up – June I 2022

In sintesi 10-06-2022

The war in Ukraine stayed on the agenda for the June I 2022 plenary session in Strasbourg, with Ruslan Stefanchuk, Speaker of Verkhovna Rada making an address to a formal sitting of Parliament. Members also debated the conclusions of the special European Council meeting of 30 31 May 2022. Parliament debated the rule of law and the potential approval of the Polish National Recovery Plan, and approved the call for a convention on revision of the EU Treaties. Members debated global threats to abortion ...

The current partnership between sub-Saharan African, Caribbean and Pacific states (ACP) and the EU (the Cotonou Partnership Agreement) has a provision making it possible for the EU to negotiate different economic partnership agreements (EPAs) with regional ACP sub-groups. This provision was needed for the partnership to be aligned with the World Trade Organization's rules. Negotiations for an EPA with the partner states of the East African Community (EAC) – at the time: Burundi, Kenya, Rwanda, Tanzania ...

EPRS invites leading experts and commentators to share their thinking and insights on important topics of relevance to debate in the European institutions. In this paper, Jacob Funk Kirkegaard, Senior Fellow at the Peterson Institute for International Economics and the German Marshall Fund of the United States, looks at the current state of the Chinese economy, and at the various factors likely to influence its evolution in the coming years. He argues that Chinese growth will slow to below the levels ...

This paper provides a summary of recent economic, financial and budgetary measures and developments following President Vladimir Putin’s decision of 24 February to start a military attack against Ukraine. It includes recent information relating to the EU sanctions regime, recent economic estimates and policies supporting economic and financial resilience, including the coordination of national economic and fiscal measures. It also highlights policy recommendations made in the public domain to mitigate ...

On 24 February 2022, Russia launched an invasion of Ukraine. The war itself, as well as related sanctions and countersanctions are expected to have a significant impact on the euro area economy. This paper summarises the recent monetary policy decisions of the European Central Bank (ECB)'s Governing Council and outlines some policy issues and challenges that might arise in the context of the war, related to price stability, financial stability, climate and energy policies, ECB/Eurosystem staff projections ...

The paper presents the findings of a study on external policy measures adopted by the European Union and like-minded partners to address modern slavery in third countries. The study is intended to support the European Parliament in monitoring EU external action and initiating the refinement of existing or the adoption of new external policy instruments relating to forced labour and modern slavery The study provides a review of the different external policy tools available to the EU to contribute ...