Secretary General Sannino and Deputy Secretary of State Campbell discussed recent EU and US engagement with China and the trajectory of their respective bilateral relationships.
The Governing Council today decided to keep the three key ECB interest rates unchanged. The incoming information has broadly confirmed the Governing Council’s previous assessment of the medium-term inflation outlook.
Among the issues on the agenda are the Recovery and Resilience Facility (RRF), the support to Ukraine and the EU mandate for the upcoming G20 meeting of finance ministers and central bankers. Furthermore, the European Public Prosecutors’ Office (EPPO) will present its work, in particular in the field of VAT fraud.
The payment request covers important steps in the delivery of 23 reforms and 20 investments that will drive positive change for citizens and businesses in Latvia in the areas of higher education, digitalisation, healthcare, affordable housing, energy efficiency, clean mobility, customs and tax compliance.
In August 2023, the U.S. Treasury had declared a round of sanctions targeting prominent members of Russia’s financial elite, as well as a Russian business association. The four individuals targeted include Petr Olegovich Aven, Mikhail Maratovich Fridman, German Borisovich Khan, and Alexey Viktorovich Kuzmichev, all of whom have served on the supervisory board of the Alfa Group Consortium (“Alfa Group”), one of the largest financial and investment conglomerates in Russia.
Sanctions or restrictions are a key tool for the EU to intervene where necessary to prevent conflict or respond to current or emerging crises. Read more about these tools.
The EU General Court annuls the inclusion of Petr Aven and Mikhail Fridman on the lists of persons subject to restrictive measures between February 2022 and March 2023. Aven, of Russian and Latvian nationality, and Fridman, of Russian and Israeli nationality, are major shareholders of Alfa Group, a conglomerate including Alfa Bank, one of Russia’s major banks.
The ESMA market report on EU securities financing transactions (SFT) markets provides first comprehensive market-level overview of the EU repo market, based on information reported by market participants.
The Dutch economy has cooled, but signs of overheating remain. After two years of strong recovery, growth decelerated in 2023, reflecting the energy shock, tighter financial conditions, and a slowdown in key trading partners, particularly Germany.
Under the reintroduced scheme, state aid will take the form of guarantees and direct grants. The scheme aims at ensuring that sufficient liquidity remains available to companies affected by the economic disturbance provoked by Russia’s war of aggression against Ukraine.
The proposed financial assistance aims to help Jordan cover part of its external financing needs, support the fiscal consolidation effort, and support structural reform efforts.
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