€2 billion urgent financial support for Ukrainian refugees in Europe
National promotional banks and institutions from EU member states and the European Investment Bank on 6 May launched the €2 billion ‘Quick Response — Care for Ukrainian Refugees in Europe’ initiative. The joint initiative aims to provide immediate relief this year for refugees fleeing the war in Ukraine and to promote the integration of Ukrainian refugees in EU Member States.
The initiative was launched in Paris by five European national promotional banks and institutions, the European Investment Bank (EIB) and the European Association of Long-Term Investors (ELTI). The participants in the initiative will contribute directly or indirectly through their respective general programmes along with regional and local communities to provide housing for refugees and support their integration into local communities. The initiative could also finance education, healthcare and infrastructure needs and has a target of at least €2 billion of financial support this year.
The urgent support initiative in Europe is a first step as the group considers further measures to help Member States deal with the impact of the Russian invasion of Ukraine.
The five national promotional institutions involved are:
- Bank Gospodarstwa Krajowego (BGK — Poland)
- Groupe Caisse des Dépôts (CDC — France)
- Cassa Depositi e Prestiti (CDP — Italy)
- Instituto de Crédito Oficial (ICO — Spain)
- Kreditanstalt für Wiederaufbau (KfW — Germany)
ELTI is the European association of public national promotional banks and financial institutions gathering 31 members all over Europe.
The European Investment Bank is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.
The pan-European support initiative for Ukraine will provide loans, grants, equity investment and guarantees for eligible projects and develop innovative financing structures for public and private infrastructure, municipalities as well as private enterprises of different sizes.
Source: EU NEIGHBOURS east
Charles Michel at G7 meeting: Ukraine needs more and we are committed to providing more
Support for Ukraine is the focus of discussions at the G7 meeting taking place in Schloss Elmau, Germany, from 26 to 28 June. During these days, the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States of America, and the European Union will work mainly on the global economy, partnerships for developing countries, foreign and security policy, sustainability, food security, multilateralism, and digital transformation.
The President of the European Council, Charles Michel, highlighted the support that the EU has provided to Ukraine, including €2 billion to provide military equipment. “Ukraine needs more and we are committed to providing more. This comprises more military support, more financial means and more political support. We are also committed to supporting Ukraine’s reconstruction,” said Michel.
“The EU and the G7 share the same goals: bringing Russia’s war machine to a halt, while protecting our economies and those of our partners. The EU will stand by the people of Ukraine for the long haul and will help defend Ukraine’s sovereignty and territorial integrity. Our aim is to strongly defend our common democratic values,” said Michel.
The President added that during the G7 meeting, he would highlight food security – “the Kremlin is using food as a silent weapon of war” – and energy security in the light of the war.
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European Council: Ukraine and Moldova granted EU candidate status
On 23 June, EU leaders meeting in the European Council agreed to grant Ukraine and Moldova EU candidate status.
“A historic moment. Today marks a crucial step on your path towards the EU,” wrote European Council President Charles Michel on Twitter. “Congratulations to Zelenskyy and Maia Sandu and the people of Ukraine and Moldova. Our future is together.”
At the same time, the Council decided to recognise the European perspective of Georgia, and, according to Michel, “is ready to grant candidate status once the outstanding priorities are addressed”.
The decision follows the Opinions issued by the European Commission on all three EU accession applications on 17 June.
“I am very pleased with the Leaders’ endorsement of our Opinions,” said European Commission President Ursula von der Leyen at the press conference following the Council. “Of course, the countries all have homework to do before moving to the next stage of the accession process. But I am convinced that they will all move as swiftly as possible and work as hard as possible to implement the necessary reforms.” She added that the changes needed for the EU accession would primarily benefit the states’ democracies, economies and citizens.
“This decision strengthens us all. It strengthens Ukraine, Moldova and Georgia, in the face of Russian imperialism and it strengthens the European Union, because it shows once again to the world that we are united and strong in the face of external threats,” said Ursula von der Leyen.
In their Conclusions adopted on 23 June, EU leaders said:
- The European Council recognises the European perspective of Ukraine, the Republic of Moldova and Georgia. The future of these countries and their citizens lies within the European Union.
- The European Council has decided to grant the status of candidate country to Ukraine and to the Republic of Moldova.
- The Commission is invited to report to the Council on the fulfilment of the conditions specified in the Commission’s opinions on the respective membership applications as part of its regular enlargement package. The Council will decide on further steps once all these conditions are fully met.
- The European Council is ready to grant the status of candidate country to Georgia once the priorities specified in the Commission’s opinion on Georgia’s membership application have been addressed.
- The progress of each country towards the European Union will depend on its own merit in meeting the Copenhagen criteria, taking into consideration the EU’s capacity to absorb new members.
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European Commission recommends to grant Ukraine and Moldova EU candidate status, Georgia receives perspective to become EU member
Today, the European Commission presented its Opinions on the applications for EU membership submitted by Ukraine, Georgia and the Republic of Moldova as invited by the Council. The European Commission recommended to grant Ukraine and Moldova EU candidate status, while it recommended that Georgia be given the perspective to become a member of the EU, and that candidate status should be granted once a number of priorities have been addressed.
The Opinions are based on the Commission’s assessment in light of the three sets of criteria to join the EU agreed by the European Council: political criteria, economic criteria, and the ability of the country to assume the obligations of EU membership (EU acquis). According to a press release from the European Commission, the Opinions also take into account Ukraine, Moldova and Georgia’s efforts in implementing their obligations under the Association Agreements (AA), including the Deep and Comprehensive Free Trade Areas (DCFTA), which cover significant parts of the EU acquis.
The European Commission has found that Ukraine overall is well advanced in reaching the stability of institutions guaranteeing democracy, the rule of law, human rights and respect for and protection of minorities, and has continued its strong macro-economic record, demonstrating a noteworthy resilience with macroeconomic and financial stability, while needing to continue ambitious structural economic reforms. The country has gradually approximated to substantial elements of the EU acquis in many areas.
The European Commission concludes that the country has a solid foundation in place to reach the stability of institutions guaranteeing democracy, the rule of law, human rights and respect for and protection of minorities; macroeconomic policies have been reasonably sound and progress has been made in strengthening the financial sector and business environment but key economic reforms remain to be undertaken. The country has established a solid basis for further alignment with the EU acquis.
The European Commission assesses that Georgia has a foundation in place to reach the stability of institutions guaranteeing democracy, the rule of law, human rights and respect for and protection of minorities, even if recent developments have undermined the country’s progress; it has achieved a good degree of macroeconomic stability and has a sound record of economic policy and a favourable business environment, but further reforms are needed to improve the functioning of its market economy; overall, Georgia has established a solid basis for further alignment with the EU acquis.
“Ukrainians are ready to die for the European perspective.” President of the European Commission Ursula von der Leyen told a press conference announcing the Opinions. “We want them to live with us in the European Union.”
She added: “Ukraine, Moldova and Georgia share the strong and legitimate aspiration of joining the European Union. Today, we are sending them a clear signal of support in their aspirations, even as they face challenging circumstances.”
“Indeed, this is a historic day for the people of Ukraine, Moldova and Georgia. We are confirming that they belong, in due time, in the European Union. The next steps are now in the hands of our Member States,” Ursula von der Leyen said.
Based on the European Commission’s Opinions, the EU Member States will now have to decide unanimously on the next steps.
The applications for EU membership by Ukraine, Georgia and Moldova in light of the Commission’s Opinions will be discussed by Heads of State and Government at the European Council next week, on 23 and 24 June.
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EU faces a difficult choice – where the pendulum will swing?
European Commission is drawing closer to presenting its opinion on candidate status to Georgia, Ukraine, Moldova – members of the Association Trio. Meanwhile, questions and suggestions are mounting how to proceed in this way to find a “golden mean” amidst the war in Ukraine and highly unpredictable geostrategic context.
The stakes are high and considering all circumstances the European Union (EU) faces a difficult but historical decision. While, it is premature to talk in which direction the scales will swing, it’s evident that either negative or some intermediary decision about on any of the applicant state, will significantly affect their geopolitical future in the short and mid-term perspective. What about Georgia – the sole strategic ally of the West in the South Caucasus, the situation with regard to the status, still remains unclear. While we watch Ukraine as arena of a brutal geopolitical competition between the West and Russia on the European theater, Georgia remains another arena of geopolitical rivalry between Russia and the West. The absence of war nowadays, doesn’t mean it will not be unleashed tomorrow, if Russia finds Georgia alienated by the West. Thus, it's safe to say that EU candidate status for Georgia is highly likely to strengthen the EU foothold in the region and have a far-reaching influence on the other states of the region.
Before the pendant conclusion of the European Commission about candidate status for Georgia some opinions are present both in Georgia and outside calling the EU on either refraining from granting the status to Georgia, or suggesting something transitional. These suggestions are largely generated by ongoing domestic political infighting in the country.
The benefits from granting candidate status to Georgia, which considerably outstrips other members of the Association Trio by the pace of fulfillment of the components of the EU Association Agreement appeared to be far more tangible, than conditional gains in case of refusal.
Let's put the questions specifically and directly. Whether it’s a prudent step to hold Georgia back from the candidate status, as some groups argue, and detach it somehow from the Association Trio in this truly extraordinary situation?
What will the EU gain and what will it lose if decides to grant candidate status to Ukraine and Moldova, and say "NO" to Georgia, or give it something different? Hardly this “cold shower” from the EU would contribute to political stability in Georgia, which is apparently important for the EU in this turbulent geopolitical environment. Georgia’s opposition groups and their supporters are highly likely to use this “NO” to embark on mass anti-governmental protests and Georgia is expected to plunge into another cycle of confrontation, turbulence, and uncertainty, with the ensuing consequences. It’s hard to imagine that the EU would be satisfied with such state of affairs in its key partner in the region.
Refusal to grant Georgia candidate status under any plausible pretext, can significantly increase not only Euro-skepticism but outright anti-Western sentiments in a sizeable part of Georgian society, providing anti-Western forces with an excellent opportunity to increase their influence and strengthen their stance. Nowadays, they are quite industrious in creating an anti-European atmosphere in society. Will the EU be satisfied with this perspective?
Pinning hope that the refusal to give a candidate’s status will force Georgia’s ruling party to become more malleable to the EU demands looks unconvinced. Quite the contrary, the care for its own political future, will make the current government far more dutybound to implement the EU-recommended reforms. The idea cultivated by some Georgian and foreign pundits and politicians that Georgia will better meet EU standards under the new government after the pre-term elections, looks rather emotional than well-calculated. If consider the balance of political powers in Georgia, as well as composition of the current political landscape, this scenario looks unrealistic.
And, last but not least,the status of the candidate for EU membership is not an act of mercy for Georgia. It will give the country a strong and unequivocal signal from the EU to take the road to justice, peace and security, or be faced, even more than before, with tension and confrontation that would not be in the interests of any party. It’s time for making extraordinary but geopolitically far-sighted decisions.
Zaal Anjaparidze, political analyst, Tbilisi, Georgia
EU-funded House of Europe unrolls €1.5 million emergency war response package
The House of Europe programme has mobilised €1.5 million for a dedicated war response package aimed at artists, cultural managers, doctors, educators, entrepreneurs, journalists, and leaders of youth organisations who face Russian aggression against Ukraine.
Since 24 February 2022, the programme has redirected its funding to seven areas of emergency support, focusing on creating new support schemes to address wartime challenges.
In addition, the House of Europe has collected and informed about hundreds of opportunities for both displaced people and Ukrainians left behind: scholarships and residencies for cultural workers, scholarships for academics and scholarships for students, emergency support for NGOs, media workers and entrepreneurs, among others.
The House of Europe has supported the preservation of cultural heritage in Ukraine, provided individual support for Ukrainian professionals and allowed current grantees to repurpose their funding instantly.
The war response package includes:
– 28 museums from Lviv, Odesa, and Kyiv, as well as Donetsk, Luhansk, Sumy, and Mykolaiv regions received €146,359 to protect their collections.
– 10 civil society initiatives receive funding for documenting war crimes, re-equipping teachers from Mariupol, holding a children’s film festival, instructing pregnant women how to give birth in shelters, etc. 13 cultural organisations that have transformed into shelter places for the displaced have been funded.
– 150 members of House of Europe’s Alumni community received stipends of €1,000 each for renewing their professional activities, but foremost for essentials like accommodation, food, medication, and fuel.
– Civil society representatives and House of Europe partners involved in evacuations of citizens, safeguarding of cultural heritage, volunteering, and other life-saving operations across Ukraine received 75 sets of protective and medical kits.
– Professionals and organisations that won House of Europe grants and have not carried out their projects yet in full were offered to spend the money on emergency needs and withstanding the Russian aggression. This includes 36 selected recipients of Individual Project Grants, who were unable to proceed with their projects; those received alternative funding – a lump-sum fixed contribution, which may be spent for emergency purposes.
At the beginning of June 2022, the House of Europe will offer infrastructure grants of up to €15,000 each to Ukrainian organisations in an open competition to restore equipment and facilities and resume activities.
In July 2022, the House of Europe will also hold the third edition of Hatathon, an online hackathon bringing together cultural and IT professionals in search of start-up solutions in the cultural, creative industries and beyond.
House of Europe is an EU-funded programme fostering professional and creative exchange between Ukrainians and their colleagues in EU countries and the United Kingdom. The programme focuses on different professional fields: culture and creative industries, education, health, social entrepreneurship, media, and youth.
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