Commission Disburses First €3 Billion to Ukraine, Part of G7 Loan, Repayable with Revenues from Blocked Russian Assets
The European Commission has disbursed a first €3 billion to Ukraine as part of an exceptional Macro-MFA loan, repayable with revenues from blocked Russian state assets within the EU. This loan, up to €18.1 billion, represents the EU's share in the G7 ERA initiative which aims to provide approximately €45 billion in financial assistance to Ukraine. This initial payment highlights the EU's unwavering commitment to help Ukraine cope with Russia's war of aggression, maintain economic stability, rebuild vital infrastructure such as energy systems, and invest in defense infrastructure.
This MFA is crucial for addressing Ukraine's increased budgetary needs amid Russia's war. With this support, Ukraine can cover military, budgetary, and reconstruction needs, enabling priority expenditures.
Since the beginning of Russia's war against Ukraine, the EU and member states have condemned Russia's actions and provided unprecedented support to Ukraine.
The press release is online available.
New Project Groups by Von der Leyen for Policy Objectives
President of the European Commission, Ursula von der Leyen, has established fourteen project groups within the Commission for policy coordination. These groups are set up to support policy initiatives, from planning to implementation. Each group has its own mandate and methodology. More information about the project groups is available in our press release.
New EU Rules for Health Technology
On January 12, regulations for health technologies come into effect, which will improve access to innovative and effective technologies for patients within the EU. This provides an EU framework for the evaluation of health technologies, enabling faster and broader access.
Copernicus Climate Report 2024
The Copernicus Global Climate Highlights Report confirms 2024 as the warmest year ever, the first above a global average temperature of 1.5°C. The EU remains committed to global climate action and aims to be climate-neutral by 2050.