EU must strengthen support for citizens and businesses and help for Ukraine- | News – www.europarl.europa.eu

19 Mag, 2022

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Adopting a resolution on the economic and social consequences for the EU of Russia’s war in Ukraine by a show of hands, MEPs say that the war itself and the “justified sanctions against Russia and Belarus are affecting the post-pandemic economic recovery of the European Union and pose a serious threat to the EU’s recovery”.  These effects must be addressed “to help households and companies … and maintain citizens’ support for the actions taken against Russia and other actions to support Ukrainians”  The resolution winds up the plenary debate held on 4 of May in Strasbourg.

Effects of war cannot be covered by existing financial instruments

MEPs say existing instruments such as Next Generation EU, SURE (Support to mitigate Unemployment Risks in an Emergency) or the EU budget’s flexibility system are not enough to mitigate the negative effects of war and the cost on the EU of the sanctions imposed on Russia. They therefore call for a windfall profit tax for energy companies, for Russian oligarchs’ assets to be seized and confiscated, and additional flexibility in the EU budget. The multi-annual financial framework (MFF) should be revised , state aid rules applied more flexibly, the level of the EU guarantee in the InvestEU programme should be increased, and the Commission should be ready to propose new programmes if it becomes necessary, they say. MEPs also call on the EU to lead in setting up a Ukraine Solidarity Trust Fund.

Helping people and…



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