Trump, Ukraine and EU
Digest more
Context: The European Commission on Tuesday unveiled its plans for the bloc’s 2028-2034 budget, including a so-called Global Europe fund worth €200bn. It would merge different funding strands for countries outside the EU, including humanitarian aid and development finance, as well as money to support countries who are candidates to join the bloc.
The European Union has sanctioned two small Chinese banks in its latest package of measures designed to hobble Russia’s war machine, despite a warning from Beijing to expect consequences. Suifenhe Rural Commercial Bank and Heihe Rural Commercial Bank,
8m
AFP on MSNWhat's in the EU's two-trillion-euro budget bazooka?EU members got their first chance on Friday to debate the bloc's two-trillion-euro budget bazooka, laying bare divisions among the 27 capitals over the spending plans for 2028-2034.
The European Commission is proposing a record 2-trillion-euro budget for 2028-2034, boosting funds for Ukraine, defense, and foreign policy. But tough negotiations lie ahead as richer EU states balk at higher spending.
The proposed package doubles the current Ukraine Facility budget of 50 billion euros, which was approved in February 2024 and runs through 2027.