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Establishing the Ukraine Facility

Sracfhéachaint 22-02-2024

The Ukraine Facility will support Ukraine, its recovery and its path to EU accession, with up to €50 billion in grants and loans provided in the years 2024 to 2027. On 6 February 2024, the European Parliament and the Council came to a political agreement on the establishment of the Ukraine Facility, following up on the agreement in the European Council on the revision of the EU's multiannual financial framework (MFF). The MFF should finance the grants and guarantee the loans of the Facility. Additional ...

Almost two years since Russia began its full-scale invasion of Ukraine, EU military assistance under the European Peace Facility (EPF) is lagging. The special European Council meeting of 1 February 2024 invited the Council to agree by early March 2024 to amend the regulation establishing the EPF, in order to increase its financial ceiling.

Distortive foreign subsidies

Sracfhéachaint 07-11-2022

Foreign state financing of companies can have distortive effects on the single market. In its first November plenary session, the Parliament will vote on the provisional agreement, reached in trilogue negotiations, on a proposed regulation to tackle such distortive foreign subsidies. Under the regulation, companies would need to notify subsidies granted by non-EU public authorities in areas of mergers and acquisitions and bids in big public procurements, and the Commission would have the right to ...

More than two decades after the United Nations General Assembly adopted its Declaration on Human Rights Defenders (HRDs) to enhance recognition of their role and encourage states to create a more protective environment, many human rights defenders face an increasingly hostile environment, with both repressive governments and some non-state actors, such as economic interest or criminal groups, opposing their work and posing a serious threat. Support for human rights defenders is a long established ...

Since 2000, Serbia has undergone a halting yet persistent reintegration into the global economy. However, Serbian foreign policy currently faces a dilemma, as (at least) four separate powers are vying for influence within the country. This study examines Serbia’s foreign policies towards the European Union (EU), the United States (US), Russia, and China, in particular examining the influence of each power with regard to foreign aid, trade, investment and security. Our analysis shows that each partner ...

The Development Cooperation Instrument (DCI) is the main financial instrument in the EU budget for funding aid to developing countries, and as such complements the European Development Fund, which is outside the EU budget. The primary objective of the DCI is to alleviate poverty, but it also contributes to other international priorities of the EU such as the UN's post-2015 Development Agenda; sustainable economic, social and environmental development; and the promotion of democracy, the rule of law ...

The new administration of US President Donald Trump has put forward an 'America First' vision in the field of development policy. In his 2018 budget proposal, President Trump requests the US Congress to scale back and refocus US political commitments and financial contributions in the areas of economic and development assistance, humanitarian aid and global health. Limited US foreign assistance funding will be prioritised on the regions, programmes and international organisations that most directly ...

Kim Jong-un became the third leader in North Korea’s history, after succeeding his father Kim Jong-il, who died in December 2011. The succession took place smoothly and the new leader follows his predecessor's repressive political line and insists on the development of a nuclear and space programme in an effort to reinforce the country's international position and secure external aid. Pyongyang succeeded in both launching an intercontinental rocket in December 2012 and testing its third nuclear ...

New proposed regulations for European Union (EU) financial instruments for external action are due to apply from 1 January 2014. They are aimed at enabling the EU to reinforce its role in the world and promote its interests and values.

China's two-way "win-win" partnerships with African countries contrast sharply with the traditional asymmetric, one-way donor-recipient relationships between the EU and its African partners.