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Europe Daily Bulletin No. 13765
Contents Publication in full By article 1 / 29
Russian invasion of Ukraine / Economy

European Commission gives Member States choice between two options for a macro-financial loan to Ukraine for 2026 and 2027 

With two weeks to go before a decisive European Council, on Wednesday 3 December the European Commission officially presented two options – a European loan guaranteed by the Multiannual Financial Framework (MFF) and a ‘Reparations Loan’ exploiting all the Bank of Russia’s assets immobilised in the EU – to provide €90 billion to cover two-thirds of Ukraine’s civil and military financing needs, estimated by the IMF at €135 billion for 2026 and 2027. 

At a time when...

Contents

Russian invasion of Ukraine
ECONOMY: European Commission gives Member States choice between two options for a macro-financial loan to Ukraine for 2026 and 2027 
NATO: Allies step up their support for Ukraine through PURL initiative
ENERGY: EU moves towards prohibition of all imports of Russian gas by 30 September 2027
MONEY LAUNDERING: Russia added to EU blacklist of countries at high risk of money laundering
EXTERNAL ACTION
TRADE/COMPETITIVENESS: EU hardens stance over economic security with new “doctrine” 
SECTORAL POLICIES
COMPETITIVENESS: EU wants to further reduce dependence on critical raw materials
TOURISM/CONSUMERS: European co-legislators reach agreement on revision of Package Travel Directive
MIGRATION: coalition of EPP, ECR, PfE and ESN MEPs approves draft revisions to concepts of ‘safe countries of origin’ and ‘safe third countries’
JUSTICE: MEPs support appointment of Andrés Ritter as next European Chief Prosecutor 
FOOD SAFETY: EU institutions likely to reach agreement on rules for new genomic techniques 
DIGITAL: MEPs prepare ground for delicate debate on digital simplification ‘omnibus’
DIGITAL: MEPs frustrated over slow progress of DSA
TRANSPORT: heavy-duty vehicle weights and dimensions and roadworthiness package on agenda of European ministers
BUDGET/COHESION: financial instruments remain largely underused, according to European Court of Auditors
ENERGY: European energy ministers to discuss how to guarantee security of supply in face of geopolitical challenges
HEALTH: urban water directive - European health ministers discuss impact of extended producer responsibility
ECONOMY - FINANCE - BUSINESS
FINANCE: European Commission putting finishing touches to wide-ranging legislative package aimed at further integrating EU’s capital markets 
TAXATION: revision of directives on tobacco taxation – Danish Presidency of EU Council proposes taxing heated tobacco by weight
ECB: ten European banks to launch stablecoin issuer backed by euro
INSTITUTIONAL
BUDGET: a European Parliament draft report on 2028-2034 MFF increases European Commission’s proposal by €169 billion 
BUDGET/REGIONS: European Committee of the Regions suggests improvements to 2028-2034 MFF proposal
SECURITY - DEFENCE - SPACE
NATO: Russia and Belarus will feel Allies’ response to their hybrid attacks, warns Mark Rutte
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL/EMPLOYMENT: climate change and digital transition - MEPs call for a European directive on just transition and support for workers
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: rights of people with disabilities – European petitions support United Nations findings 
NEWS BRIEFS
CANADA: Joost Korte appointed European Commission Special Envoy for Bilateral Partnership
ENERGY/TRANSPORT: Member States’ ambassadors to EU approve compromise on Connecting Europe Facility
MIGRATION: EU Member States to vote again on 5 December on draft agreement on return of illegal immigrants
TRANSPORT: MEPs approve agreement with EU Council on method for calculating greenhouse gas emissions
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