The EU has made a significant decision to allocate profits from its frozen Russianassets to support Ukraine's self-defense and recovery efforts amidst ongoing Russian aggression. This announcement came from the Belgian presidency of the Council of the EU, which is currently holding the rotating presidency. The member countries of the EU Council have reaffirmed their commitment to using these profits for Ukraine's benefit.
The decision was finalized and agreed upon last week, marking a notable step in the EU's support for Ukraine. The funds generated from these assets will be directed towards aiding Ukraine in its defense against Russian military actions and in its subsequent recovery and rebuilding efforts. This move underscores the EU's ongoing solidarity with Ukraine in the face of continued conflict and aggression from Russia.
"The EU Council has confirmed its agreement to use windfall profits from Russia’s immobilised assets to support Ukraine’s military self-defence and reconstruction in the context of the Russian aggression," stated the Belgian Presidency.
The European Union has agreed on a major overhaul of its steel import regime, effectively doubling tariffs in an effort to protect domestic producers from what officials describe as a growing wave of low-cost foreign, particularly Chinese, exports
Hungary’s incoming prime minister Péter Magyar has signaled that his government will not obstruct the European Union’s €90 billion loan for Ukraine, while making clear that Budapest itself will not participate in the mechanism
The Kremlin has announced that Russian President Vladimir Putin has ordered an “Easter ceasefire” in the war in Ukraine, declaring a temporary halt in hostilities lasting around 36 hours
A group of Members of the European Parliament has raised concerns over the potential leakage of confidential EU information to Russia, urging stronger safeguards within the European Parliament
Moldovan President Maia Sandu has formally enacted legislation withdrawing the country from the Commonwealth of Independent States (CIS), marking a decisive step in Chisinau’s gradual disengagement from Russian-led structures
The European Public Prosecutor’s Office (EPPO) has carried out a series of coordinated investigative actions across several countries, including Bulgaria and Romania, as part of a probe into suspected large-scale fraud involving EU funds
The European Union has agreed on a major overhaul of its steel import regime, effectively doubling tariffs in an effort to protect domestic producers from what officials describe as a growing wave of low-cost foreign, particularly Chinese, exports
The introduction of the euro in Bulgaria has so far produced only a limited and largely one-off effect on consumer prices, according to an analysis by the European Central Bank
Viktor Orban’s long hold on power has come to an abrupt end after a decisive electoral victory by Péter Magyar, whose Tisza party is projected to secure a commanding parliamentary majority
A group of Members of the European Parliament has raised concerns over the potential leakage of confidential EU information to Russia, urging stronger safeguards within the European Parliament
The European Public Prosecutor’s Office (EPPO) has carried out a series of coordinated investigative actions across several countries, including Bulgaria and Romania, as part of a probe into suspected large-scale fraud involving EU funds
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
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