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Image header Agence Europe
Europe Daily Bulletin No. 13462
Contents Publication in full By article 5 / 27
Russian invasion of Ukraine / Economy

EU makes €1.5 billion of windfall profits from frozen Russian assets available to Ukraine

On Friday 26 July, the European Union made available to Ukraine the first instalment of €1.5 billion in windfall profits from frozen Russian assets.

“These extraordinary revenues generated by EU operators and held by central securities depositories (CSDs) from immobilised Russian sovereign assets were made available to the Commission by Euroclear in theform of a first tranche on 23 July”, according to a press release issued by the Commission.

The funds will be channelled through the...

Contents

ECONOMY - FINANCE - BUSINESS
ECONOMY: EU Council validates launch of excessive deficit procedures against seven Member States
ECONOMY: European Commission has dispersed €9.9 billion in grants under Recovery and Resilience Facility to Spain
STATE AID: green light for Dutch support of €2 billion for production of medical radioisotopes
STATE AID: European Commission approves Spanish aid worth €1.2 billion for production of renewable hydrogen
Russian invasion of Ukraine
ECONOMY: EU makes €1.5 billion of windfall profits from frozen Russian assets available to Ukraine
STATE AID: European Commission approves Slovakian support of €25 million for livestock farmers in context of war
EXTERNAL ACTION
TRADE: European Commission clarifies conditions for applying Regulation against unfair foreign subsidies
TRADE: agreement between 91 WTO members on new rules for e-commerce
DRC: human rights violations, EU sanctions nine individuals and one entity
ASIA: Josep Borrell calls for partnership between EU and nations of Southeast Asia to be taken “to the next level”
CHINA: countervailing duties on Chinese electric vehicles will undermine ecological transition, according to Bruegel
FOREIGN AFFAIRS: Council appoints four new EU Special Representatives and extends mandates of three others
SECTORAL POLICIES
DIGITAL: European Commission publishes its second report on implementation of GDPR
AGRICULTURE : Commissioner Janusz Wojciechowski delighted with increase in EU agricultural funding for 2021-2027 under his mandate
FISHERIES: European Commission closes infringement procedures concerning end of discards at sea
ENERGY: ENTSO-E formulates guidelines for contribution of Member States for Offshore Network Development Plans 2026
ENERGY: data transparency on power grids is a “must” to manage energy transition efficiently, according to Ember
EDUCATION - YOUTH - CULTURE - SPORT
YOUTH: European Education and Culture Executive Agency analyses policy assessment practices and tools in Europe to make them more inclusive
YOUTH: EU’s ‘Erasmus for Young Entrepreneurs’ programme celebrates 15 years and over 12,000 successful collaborations
INSTITUTIONAL
FUTURE OF EU: Europeans expect EU to prioritise fight against climate change and illegal immigration, according to a new Eurobarometer survey
NEWS BRIEFS
SOUTH AFRICA: opening of a WTO panel between EU and Pretoria on citrus fruits
AGRICULTURE : European Commission registers two new traditional specialties guaranteed
CHINA: EU launches anti-dumping investigation into Chinese glyoxylic acid
IRAN: ECR requests that Josep Borrell reconsider presence of an EU representative at president’s inauguration
MIDDLE EAST: EU denounces Knesset’s adoption on first reading of law banning UNRWA
SUDAN: EU ready to support peace efforts, promises Josep Borrell
TERRORISM: EU designates The Base as a terrorist entity