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EU reaffirms unwavering support for Ukraine
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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
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Valdis Dombrovskis, Commissioner for Economy and Productivity; Implementation and Simplification
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“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.”
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Speeches
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Statement by President von der Leyen on the announcement of universal tariffs by the US
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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
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Save the date: 2nd InvestEU High Level Event on 12 May 2025
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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
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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
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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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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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