War in Ukraine: European Commission to allocate €500 million to urgently boost EU defence industry

Published in World
Thursday, 04 May 2023 15:06

The European Commission today adopted the Act in Support of Ammunition Production (ASAP) to urgently deliver ammunition and missiles to Ukraine and to help Member States refill their stocks. 

Together with this regulation, the European Commission proposes to allocate a budget of €500 million in current prices to strengthen the EU’s production capacity in ammunition, missiles and their components. 

“This will help supply more ammunition for Ukraine to defend its citizens and it will also strengthen our European defence capabilities,” said Ursula von der Leyen, President of the European Commission. “Together with the Member States, we will mobilise a further €1 billion to ramp up capacities across Europe. This is a critical part of Europe‘s strategic capacity to defend its interests and values, and help maintain peace on our continent.”

On 20 March, the European Council agreed on a three-track approach calling Member States to jointly procure ammunition and, if requested, missiles, to refill their stocks while enabling the continuation of support to Ukraine. 

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European Commission releases €1.5 billion in macro-financial assistance to Ukraine

Published in World
Tuesday, 02 May 2023 17:26

Today the European Union is providing another €1.5 billion to Ukraine under its annual macro-financial assistance package. 

The European Commission made today a third payment of €1.5 billion under the Macro-financial Assistance (MFA)+ package for Ukraine, worth up to €18 billion. 

This support will help Ukraine cover its immediate financial needs: to continue paying salaries and pensions and to maintain basic public services such as hospitals, schools and housing for the displaced. It will also allow Ukraine to ensure macroeconomic stability and restore critical infrastructure destroyed by Russia in its war of aggression, such as energy infrastructure, water systems, transport networks, roads and bridges.

Today’s payment comes after the Commission found that Ukraine continued to make satisfactory progress to strengthen the rule of law, enhance financial stability, improve the functioning of the gas system and promote a better business climate. 

This finding will also enable the disbursement of two further monthly payments of €1.5 billion each in May and June.

Overall, since the start of the war, the support to Ukraine and Ukrainians amounts to around €68 billion. 

“We will continue helping Ukraine resist Russia’s aggression, keep its institutions and infrastructure running, and conduct crucial reforms,” President of the European Commission Ursula von der Leyen wrote on Twitter.

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EU welcomes initiative to lay submarine cable under Black Sea

Published in World
Tuesday, 20 December 2022 10:57

The EU will be ready to provide financial support for the Black Sea Energy submarine cable project, European Commission President Ursula von der Leyen said on 17 December, attending the signing in the Romanian capital Bucharest of a memorandum of understanding between Azerbaijan, Georgia, Hungary and Romania, which envisages the laying of an underwater electricity cable across the Black Sea. 

Ursula von der Leyen said the agreement would bring the European Union closer to its partners in the South Caucasus region, and would help both regions achieve the clean energy transition. “Since the beginning of Russia’s war, we have decided to turn our back on Russian fossil fuels and to diversify towards reliable energy partners, like the partners here around the table. And it is working,” said the European Commission President.

She added the initiative would reinforce energy security in Europe and bring new opportunities to Georgia, Moldova and Ukraine: “This project could bring Georgia, a country with a European destiny, great benefits as well. It could transform the country into an electricity hub and integrate it in the EU internal electricity market. Finally, the Black Sea electric cable could also help bring electricity to our neighbours in Moldova and the Western Balkans, and of course to Ukraine – it will help start rebuilding Ukraine’s energy system and the reconstruction of the country.”

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Irakli Garibashvili: By connecting electricity transmission lines and power energy systems of Georgia, Romania, Azerbaijan and Hungary, Europe may not only connect to Georgia, but to the entire region of South Caucasus

Published in Politics
Tuesday, 20 December 2022 10:47

Georgia’s strategic geographic location makes us a natural bridge between the West and the East, serving as a gateway for eight landlocked countries of South Caucasus and Central Asia; a crucial link on EU’s Global Connectivity map and a game changer, when it comes to diversification of transport routes and energy supply to Europe. It was announced by Irakli Garibashvili, Prime Minister of Georgia at the Plenary Session on Strategic Partnership for Green Energy Development and Transmission held in Romania today.

The Head of Government of Georgia delivered a key-note speech at the Plenary Session on Strategic Partnership for Green Energy Development and Transmission held at the Cotroceni Palace of Romania and spoke about the new quadrilateral agreement along with other leaders participating in the milestone event.
The Prime Minister of Georgia noted that present geopolitical challenges and the war in Ukraine has made the need for diversification and resilience even more imperative, in order to address urgent challenges of energy security.
The Head of Government of Georgia expressed his gratitude to the Romanian side for organizing and hosting the historic event, while thanking Ursula Von Der Leyen, President of the European Commission for her support towards the project.
„I am pleased to address the distinguished audience at today’s important gathering. At the outset, I would like to thank the Romanian side for hosting and organizing this event, which has a historical importance. I also thank Ursula von der Leyen, President of the European Commission for supporting the project.
Present geopolitical challenges and the war in Ukraine has made the need for diversification and resilience even more imperative, in order to address urgent challenges of energy security. Georgia’s strategic geographic location makes us a natural bridge between the West and the East, serving as a gateway for eight landlocked countries of South Caucasus and Central Asia; a crucial link on EU’s Global Connectivity map and a game changer, when it comes to diversification of transport routes and energy supply to Europe.
With this in mind, we have made connectivity a top priority, with a special vision of connectivity of the Caucasus region and Europe. We are investing in expanding and modernizing our energy, digital and transport infrastructure; we are bringing these sectors in line with the EU norms and standards according to the commitments under the AA/DCFTA, Common Aviation Area Agreement and within the Energy Community. Extended TEN-T core network and the EaP Economic and Investment Plan provide important tools to facilitate investments in the strategic projects that have national and the wider regional value as well” noted the Prime Minister of Georgia.
According to the Head of Government of Georgia, by connecting the power systems of Georgia, Romania, Azerbaijan and Hungary, Europe will be able to connect not only with Georgia, but with the entire South Caucasus region.
As Irakli Garibashvili noted, being a credible transit partner, Georgia has been a key link for the delivery of hydrocarbon resources via major regional energy transit routes from the Caspian Sea basin to the West.
The Prime Minister of Georgia also stated that implementation of this project transforms the strategic partnership into a new dimension.
“Dear Friends, a few years ago, with the initiative of Georgia, work started on the project, which envisages the connection of the electric energy systems of the Caucasus region and Europe by means of a high-voltage underwater power transmission line. Today, by signing the “Agreement on Strategic Partnership in the field of Green Energy Development and Transmission between Azerbaijan, Georgia, Romania and Hungary” we are confirming the readiness of our countries to cooperate closely in terms of “green energy” supply.
As you may be well aware, Georgia has substantial potential for power generation surplus from renewable energy sources that it can supply to neighboring countries. Today, we have the appropriate infrastructure for electricity supply to all our neighbors, except Europe, The Black Sea Underwater Electricity Transmission Cable holds an important prospect to this end. Project will support development of the renewable energy sector and increase transit opportunities/back-to-back trade options between the EU and South Caucasus Region. As a result of this project implementation, by connecting the power systems of Georgia, Romania, Azerbaijan and Hungary, Europe will be able to connect not only with Georgia, but with the entire South Caucasus region.
In June 2020 the World Bank prepared a report on Preliminary Economic Analyses of the Black Sea Submarine Cable project, which proved that the above-mentioned project is economically viable.
On April 26 of 2021, GOG announced a request for expression of interest for the feasibility study of the Black Sea underwater electricity transmission cable and digital line construction project. The selection was carried out in accordance with the World Bank Procurement Procedures. As the result of selection, the winner has been identified. The feasibility study commenced on May 11 of 2022 and will be implemented during an 18 months’ period.
To this end, I should emphasize that strengthening the interconnections and energy transit capabilities of the region is of strategic importance for my Government. Being a credible transit partner, Georgia has been a key link for the delivery of hydrocarbon resources via major regional energy transit routes from the Caspian Sea basin to the West.
The implementation of this project, opens a new dimension for the development of strategic partnership between our countries and once again let me reiterate, that Georgia having huge potential for production and export of renewable energy, will contribute to the strengthening of Europe’s energy security” added Irakli Garibashvili.
Prior to the plenary session, the President of Romania held a Greet and Welcome Ceremony at the Cotroceni Palace for the leaders of countries that are signatories to the Agreement on Strategic Partnership of the Republic of Azerbaijan, Georgia, Romania and Hungary for the Development and Transmission of Green Energy.
The Head of Government of Georgia is visiting Romania with a Delegation, consisting of Levan Davitashvili, Deputy Prime Minister and Minister of Economy and Sustainable Development of Georgia; Ilia Darchiashvili, Minister of Foreign Affairs of Georgia; Lasha Khutsishvili, Minister of Finance of Georgia and Revaz Javelidze, Head of Government Administration.
Press Service of the Government Administration

Grain from Ukraine: European Commission pays to ship 40,000 tons of Ukrainian grain via two boats

Published in World
Tuesday, 29 November 2022 13:30

On 26 November, European Commission President Ursula von der Leyen announced the European Commission would pay for the transportation of 40,000 tonnes of Ukrainian grain on two ships, as part of Ukrainian President Volodymyr Zelenskyy’s ‘Grain from Ukraine’ initiative.

This will be on top of the 28 million tons of agri products shipped via the EU’s Solidarity Lanes and the Black Sea Grain Initiative, von der Leyen added.

Ukraine launched the ‘Grain from Ukraine’ initiative at the International Summit on Food Security, organised in Kyiv on the anniversary of the Holodomor, the starvation of millions of Ukrainians caused by Soviet policies in 1932-33.

“90 years after the Holodomor, we honour the memory of Ukraine’s victims. They died in silence, starving to death, and, at that time, the world did not rise to help them. We will not let this happen again,” said von der Leyen. “Today, Russia is again using food as a weapon.

As part of its brutal aggression against Ukraine, Russia has destroyed your agricultural production, targeted your grain silos, and blockaded your ports.”

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Irakli Garibashvili meets with Ursula von der Leyen

Published in Politics
Friday, 07 October 2022 09:22

Georgian Prime Minister Irakli Garibashvili met with Ursula von der Leyen, President of the European Commission, on the margins of the first summit of the European Political Community, in Prague.

At the meeting, the Prime Minister spoke about the historic decision on granting the European perspective to Georgia, also pointing out that Georgia is doing everything to take the next step toward EU membership and receive the EU candidate status.
To that end, Georgia has set out to implement without delay the 12 priorities identified by the European Commission. The Prime Minister emphasized that this inclusive process enables every branch of government, alongside the opposition parties and civil society, to become fully engaged in the implementation of the priorities, with working groups put together to accomplish this task.
The conversation also touched on the Russian aggression in Ukraine and its impact on Georgia, the region, and the world in general. The Prime Minister paid special attention to the EU’s attempts to ensure peace in the South Caucasus and Georgia’s commitment to contributing to this cause.
At the meeting, the parties discussed Georgia’s further alignment and infrastructural communication with the EU in the transport, energy, and digital spheres. The Black Sea’s transport infrastructure enjoys a prominent place in the EU’s transport and energy policy, and the EU and Georgia are poised to further cooperation in this direction.
The Prime Minister invited President of the European Commission to Georgia, at her convenience.
Press Service of the Government Administration

EU formally approves additional €5 billion assistance to Ukraine

Published in Economics
Thursday, 22 September 2022 13:32

The Council of the European Union today formally decided to provide €5 billion of additional macro-financial assistance (MFA) to Ukraine as a matter of urgency.

On 9 September, at an informal meeting of the Ecofin Council in Prague, EU finance ministers agreed to provide an additional €5 billion in assistance for Ukraine. This additional aid was officially approved today after the necessary formal steps were completed in just 11 days.

This financial assistance complements other EU support to Ukraine in the humanitarian, development, customs and defence fields.

This €5 billion macro-financial assistance will be provided to Ukraine in the form of highly concessional long-term loans. It constitutes the second stage in the implementation of the EU’s planned exceptional macro-financial assistance to Ukraine of up to €9 billion, announced by the European Commission this May.

The EU says a decision on the implementation of the third phase of the Union’s exceptional macro-financial assistance of up to €3 billion will be taken shortly, once the structure of this assistance has been determined.

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EU welcomes international condemnation of Russia for violation of aviation rules

Published in Politics
Monday, 08 August 2022 11:41

The European Commission has welcomed the decision by the International Civil Aviation Organization (ICAO) to call on the Russian Federation to immediately cease its infractions of international aviation rules, in order to preserve the safety and security of civil aviation. 

The ICAO decision refers to the violation of Ukraine’s sovereign airspace in the context of Russia’s war of aggression, and to the deliberate and continued violation of several safety requirements in an attempt by the Russian government to circumvent EU sanctions. These actions include illegally double-registering in Russia aircraft stolen from leasing companies, and permitting Russian airlines to operate these aircraft on international routes without a valid Certificate of Airworthiness, which is the necessary safety certificate.

Adina Vălean, European Commissioner responsible for Transport, said: “It is of utmost importance for all countries to defend the international aviation rules-based system, for the safety of passengers and crew. Russia continues to disrespect the fundamental rules of international aviation and to instruct its airlines to work against these rules. I welcome the ICAO Council’s clear condemnation, which reflects the gravity of the actions undertaken by Russia.

ICAO yesterday informed its 193 Member States about Russia’s blatant non-respect of crucial international aviation law and will bring the issue to its next general Assembly, taking place from 27 September to 7 October 2022.

European Commission adopts new package of measures to reinforce impact of sanctions against Russia

Published in World
Monday, 18 July 2022 13:05

The European Commission today adopted a proposal for a new package of measures to maintain and strengthen the effectiveness of the EU’s six wide-ranging and unprecedented packages of sanctions against Russia.

Today’s “maintenance and alignment” package clarifies a number of provisions to strengthen legal certainty for operators and enforcement by Member States. It also further aligns the EU’s sanctions with those of its allies and partners, in particular in the G7. Importantly, the package reiterates the Commission’s determined stance to protect food security around the globe. The measures also include a ban on the import of Russian gold.

Ursula von der Leyen, President of the European Commission, said: “Russia’s brutal war against Ukraine continues unabated. Therefore, we are proposing today to tighten our hard-hitting EU sanctions against the Kremlin, enforce them more effectively and extend them until January 2023. Moscow must continue to pay a high price for its aggression.”

EU High Representative Josep Borrell added: “Today’s package reflects our coordinated approach with international partners including the G7. In addition to these measures, I will also present proposals to Council for the listing of more individuals and entities, with their assets frozen and ability to travel curtailed.”

Today’s package will introduce a new import ban on Russian gold, while reinforcing dual use and advanced technology export controls. In doing so, it will reinforce the alignment of EU sanctions with those of the G7 partners. It will also strengthen reporting requirements to tighten EU asset freezes.

The package also reiterates that EU sanctions do not target in any way the trade in agricultural products between third countries and Russia. Likewise, the text clarifies the exact scope of some financial and economic sanctions.  

Finally, it is proposed to extend the current EU sanctions for six months, until the next review at the end of January 2023.

The package will now be discussed by Member States in the Council in view of its adoption.

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Ursula von der Leyen at Lugano conference: “Nothing is impossible to the people of Ukraine”

Published in World
Tuesday, 05 July 2022 10:30

On 4 and 5 July, the Swiss city of Lugano is hosting a two-day conference on Ukraine’s reconstruction. Ukrainian Prime Minister Denys Shmigal, speaker of the Verkhovna Rada Ruslan Stefanchuk, a number of Ukrainian ministers and MPs, high officials from the EU and international financial institutions arrived in Lugano. The President of Ukraine participated in the conference online.

The Russian bombs are still falling, but we know nothing is impossible to the people of Ukraine,” said European Commission President Ursula von der Leyen in her speech. She noted that the Commission has already proposed  to set up a reconstruction platform to map investment needs, to coordinate action, and to channel resources to the Ukrainian Government.

This platform will be the place to shape strategic orientations and priorities for our common work. The focus is on future-proof reconstruction moving towards climate neutrality, embracing the digital decade, building a social market economy – leaving no one behind, ensuring security and defense, all of it embedded in good governance,” said Ursula von der Leyen.

She added that together with German Chancellor Scholz, and in cooperation with the international partners, the EU will organise a high-level international conference after summer ends. 

We want to bring together the brightest minds and leading global experts on reconstruction to ensure that this generational undertaking is done in the right way. This will give additional confidence to all investors: Your money not only serves a good cause, it will be, first and foremost, spent efficiently and effectively, with maximum impact for the people of Ukraine,” mentioned von der Leyen.

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