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In 2023, the EU celebrated the 30th anniversary of the single market. Recent shocks have shown not only how vulnerable to crises the single market is, but also the extent to which the EU economy relies on a well-functioning single market. It is now considered to be a key driver of EU resilience. In September 2022, the Commission put forward a single market emergency instrument (SMEI) package. It includes one main proposal for a regulation establishing a SMEI, and two accompanying proposals amending ...

Russia's brutal war of aggression against Ukraine may not be taking place geographically in the Arctic, but it has already had a plethora of impacts on the circumpolar north, the repercussions of which are likely to spread well beyond the region. First, the war has negatively affected cooperation, as activities with Russia in the framework of regional forums such as the Arctic Council (AC), the Barents Euro-Atlantic Council (BEAC), the Council of the Baltic Sea States (CBSS) and the Northern Dimension ...

Outraged by Russia's illegal and unprovoked full-scale invasion of Ukraine in February 2022, the European Union swiftly adopted unprecedentedly tough sanctions, in close cooperation with partners including the United States, the United Kingdom, Canada, Australia and Japan. The rapid succession of 11 packages of EU sanctions adopted since then, in what has already been labelled a 'sanctions revolution', have resulted in an unparalleled set of measures targeting key sectors of the Russian economy and ...

EU energy partnerships: Norway

Briefing 27-09-2023

Since Russia invaded Ukraine, EU Member States have made serious efforts to reduce their dependence on Russian energy imports. To broaden the range of energy suppliers, the European Commission and the Member States' national governments have signed new agreements with non-EU countries and strengthened their pledges with existing partners. Norway is the world's fifth largest oil and third largest natural gas exporter, accounting for 2 % of global crude oil production and 3 % of global natural gas ...

Since Russia invaded Ukraine, EU Member States have made serious efforts to reduce their dependence on Russian energy imports. To broaden the range of energy suppliers, the European Commission and EU national governments have signed new agreements with non-EU countries and strengthened their pledges with existing partners. The Kingdom of Saudi Arabia is a member of the Gulf Cooperation Council (GCC) and the Organization of Petroleum Exporting Countries (OPEC). The economy of Saudi Arabia is the largest ...

This research paper provides a comprehensive analysis of the impact of national tax measures implemented in response to the COVID-19 pandemic, with the aim of ensuring an appropriate assessment and providing policy recommendations to effectively address future crises. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Subcommittee on Tax Matters (FISC).

The geopolitical and economic shocks, due to the Covid-19 pandemic and the war in Ukraine, represent a structural shift for the European Union (EU) economy. The euro area needs to deal with an ongoing inflation process and the EU needs to radically transform its production model to avoid a lasting decline. An expansionary centralised fiscal capacity, grounded on the production of public goods, and a related common industrial policy are required to allow for this structural change. In the meantime ...

Lo studio, commissionato dal dipartimento tematico Diritti dei cittadini e affari costituzionali del Parlamento europeo su richiesta della commissione AFCO, esamina le risposte dell'UE alla pandemia di COVID-19 e alla guerra in Ucraina in termini di bilancio. Lo studio sostiene che gli strumenti giuridici e politici sviluppati per far fronte a queste crisi hanno determinato la creazione e il consolidamento di una capacità di bilancio dell'UE, contribuendo in tal modo a superare l'originario squilibrio ...

The EU's long-term budget for 2021 to 2027 was set at €1.1 trillion, together with a specific instrument to support the EU's recovery from the pandemic, Next Generation EU (NGEU), providing €750 billion (2018 prices). Since 2021, the EU budget has already mobilised significant additional resources to cope with the pandemic and its impact, providing direct support totalling €70 billion to help EU citizens and enterprises, and countries outside the EU, cope with the COVID 19 crisis. In 2022, Russia's ...

The environmental impact of Russia's war on Ukraine has been rapidly growing with every month of full-fledged invasion. The destruction of the Kakhovka Dam further increased the harm inflicted on nature, while bringing international attention to the environmental dimension of the war. Together with its international partners, Ukraine is now looking into the legal options to hold Russia accountable for the environmental damage it has caused, which many refer to as 'ecocide'. However, the potential ...