Sun. Jul 14th, 2024

NEWS & BACKGROUND

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ECB Blog: The geopolitics of green minerals

The green transition will significantly increase demand for key minerals over the coming decades. The impact on energy prices will ultimately depend on how supply adjusts. The European Central Banks’s Blog looks at the geopolitical risks involved.

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Ukraine Compact: Declaration of support

The Ukraine Compact affirms that the security of Ukraine is integral to the security of the Euro-Atlantic region and beyond, and that we intend to support Ukraine until it prevails against Russia’s aggression.

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ukraine, ukraine flag, ukranian flag

Statement of the NATO-Ukraine Council by the Heads of State and Government

“Russia’s war against Ukraine has shattered peace and stability in the Euro-Atlantic area and has had a profound impact on the safety, security, and welfare of billions of people around the world. Russia has not shown any genuine openness to a just and lasting peace. Allies welcome and support President Zelenskyy’s continuous commitment to advance a comprehensive, just, and lasting peace through his Peace Formula and the Peace Summit process, including the important first Summit in Switzerland” – NATO-Ukraine Council.

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BUSINESS

ECB Blog: The geopolitics of green minerals

The green transition will significantly increase demand for key minerals over the coming decades. The impact on energy prices will ultimately depend on how supply adjusts. The European Central Banks’s Blog looks at the geopolitical risks involved.

Read More »

Ireland: EU Commission disburses first RRF payment of €324m

Today, the Commission disbursed to Ireland the first payment for €324 million in grants under the Recovery and Resilience Facility (RRF). As for all Member States, payments made to Ireland under the RRF are performance-based and depend on the implementation by Ireland of the investments and reforms described in its recovery and resilience plan. 

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U.S. Fed Governor Cook on global inflation and monetary challenges

“The rapid increase in prices reflected an upswing in demand for goods, strained supply chains, tight labor markets, and sharp hikes in commodity prices exacerbated by Russia’s February 2022 invasion of Ukraine. The run-up was not only for overall headline inflation, but also for its core components” – U.S. Fed Governor Cook.

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DIGITIZATION

Semiconductor innovation ecosystem: EU Chips Joint Undertaking invests €325m

The EU Chips Joint Undertaking (Chips JU) has announced new calls to support semiconductor research and innovation initiatives in photonics, competence centres, and a cloud-based semiconductor design platform as part of the Chips for Europe initiative under the Chips Act. The total EU funding available for these calls is €325 million, which should be topped up by additional financing from participating states of the Chips JU.

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electric charge, road sign, sign

Battery-electric vehicles from China: EU Commission imposes provisional countervailing duties

Nine months after the initiation of its anti-subsidy investigation, the EU Commission has imposed provisional countervailing duties on imports of battery electric vehicles (BEVs) from China. Based on the investigation, the Commission has concluded that the BEV value chain in China benefits from unfair subsidisation, which is causing a threat of economic injury to EU BEV producers.

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SECURITY

U.S. Factsheet on the 2024 NATO Summit in Washington

NATO is as united as it has ever been and it is larger, stronger, and better resourced than ever. President Biden will reaffirm the United States’ unwavering commitment to the transatlantic bond and Article 5 of the Washington Treaty – that an attack on one is an attack on all.

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NATO Summit: Speech by EU HR Josep Borrell at the EU Defence night

“For us, it is a matter of strategic responsibility. We know, we are fully aware, we are convinced that we have to improve the capacity of our armies, of our defence, in order to be able to defend ourselves. Not as an alternative to NATO – there is no alternative to NATO for the territorial defence of Europe – but to make NATO stronger and to share the burden” – EU HR Borrell.

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NATO Summit: Industrial Capacity Expansion Pledge

“Transatlantic defence industrial cooperation is a critical part of NATO’s deterrence and defence. Our defence industry provides us with the equipment we need to fight, strengthens our technological edge, and plays an important role in increasing the readiness and interoperability of our forces” – NATO Industrial Capacity Expansion Pledge.

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SUSTAINABILITY

ECB Blog: The geopolitics of green minerals

The green transition will significantly increase demand for key minerals over the coming decades. The impact on energy prices will ultimately depend on how supply adjusts. The European Central Banks’s Blog looks at the geopolitical risks involved.

Read More »

EU AGENDA

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