ECFIN E-news 312: EU reaffirms unwavering support for Ukraine
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  10 April 2025  
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In this issue

Top story

EU reaffirms unwavering support for Ukraine

The European Commission has disbursed an additional €1 billion tranche of its exceptional Macro-Financial Assistance (MFA) loan to Ukraine, to be repaid with proceeds from immobilised Russian State assets in the EU, reinforcing the EU's role as the largest donor since the beginning of Russia's war against Ukraine. This payment brings the total MFA disbursements to Ukraine to €5 billion. The EU's €18.1 billion MFA forms part of the G7-led Extraordinary Revenue Acceleration (ERA) initiative, which aims to provide around €45 billion in support to Ukraine. This funding addresses Ukraine's urgent budgetary needs, which have grown due to Russia's ongoing war of aggression. It will help Ukraine sustain military and reconstruction efforts, including the repair of critical infrastructure like energy, water, and transport systems.

 
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Viewpoint

Valdis Dombrovskis, Commissioner for Economy and Productivity; Implementation and Simplification

“The EU continues to provide the financial support Ukraine needs to continue its fight for survival in the face of Russia's brutal aggression. Today, we make the next €1 billion payment under the G7-led Extraordinary Revenue Acceleration (ERA) loans initiative. The EU has now provided Ukraine with €5 billion as part of its overall €18.1 billion contribution under this initiative. It also ensures that Russia pays for its aggression by using the proceeds of immobilised Russian state assets to repay the loans provided. Together with EIB Group, we also provided today a further €300 million to address Ukraine's urgent recovery and reconstruction needs.”

News

The Commission hosts EU–Türkiye High-Level Economic Dialogue

Commissioner for Economy and Productivity, Implementation and Simplification Valdis Dombrovskis and Commissioner for Enlargement Marta Kos met Türkiye's Minister of Treasury and Finance Mehmet Şimşek in Brussels for a High-Level Economic Dialogue (HLED) between the European Union and Türkiye. The EU-Türkiye HLED focused on the economic outlook and latest policy developments. This included long-term reform challenges in the EU and Türkiye's structural reform agenda.

 
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Commission gives green light to €3.26 billion payment for France under NextGenerationEU

The Commission issued a positive preliminary assessment of France's payment request for €3.26 billion under NextGenerationEU. The assessment finds that France has fulfilled the milestones and targets required for this payment. Flagship measures in this payment request include expanding digital training access for higher education and enhancing energy efficiency in public buildings.

 
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Commission endorses preliminary assessment of Slovakia's fifth payment request under the Recovery and Resilience Facility

The Commission has endorsed a positive preliminary assessment of 20 out of the 21 milestones and targets linked to Slovakia's fifth payment request for €516.8 million in grants (net of pre-financing) under the RRF. The payment request covers important steps in the delivery of 14 reforms and 5 investments that will drive positive change for citizens and businesses in Slovakia. Flagship measures in this payment request include the transition from coal in the Upper Nitra region and a new curriculum reform for over 49 000 teachers.

 
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Speeches

Statement by President von der Leyen on the announcement of universal tariffs by the US

Quote If you take on one of us, you take on all of us. So we will stand together and stand up for each other. Our unity is our strength. Europe has the largest Single Market in the world - 450 million consumers - that is our safe harbour in tumultuous times. And Europe will stand at the side of those directly impacted.
 
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Events and notices

Save the date: 2nd InvestEU High Level Event on 12 May 2025

Empowering a Competitive Union: from InvestEU to the European Competitiveness Fund - The event will give an outlook on the future European Competitiveness Fund and how InvestEU can play a role therein. It will highlight InvestEU’s investments in innovation, decarbonisation and the social sector. The high-level event brings together InvestEU implementing partners, beneficiaries, private investors, policy makers and the wider stakeholder community.
 
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Save the date: Technical Support Instrument annual conference on 13 May 2025

The Conference will showcase how EU support helps Member States deliver on their reform agendas and align national reforms with EU priorities. It will bring together high-level inspirational speakers and panelists from the Member States and the EU institutions to exchange on impactful reforms, their challenges and lessons learnt. The Conference will be open to the public upon registration, in situ in Brussels, and on-line, via a hybrid teleconference platform, allowing for Q&A and polling features, and providing a vibrant experience for the participants.
 
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Register now! Brussels Economic Forum – 22 May 2025

Join high-level speakers for a day of networking opportunities and insightful discussions on how Europe can secure its economy in a turbulent world. Please have a look at the programme and our speaker’s line-up. There is a limited number of seats available for in-person attendance. Register now via our website to ensure your place!
 
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Publications

ECFIN Publications

Please have a look at the ECFIN publications webpage and subscribe to the free email service to be updated on each new publication!
 
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This newsletter is published by the European Commission's Directorate General for Economic and Financial Affairs. The Directorate‑General for Economic and Financial Affairs is the Commission department responsible for EU policies promoting economic growth and recovery, higher employment, stable public finances and financial stability.

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