EU Commissioner Dombrovskis announced progress on Ukraine aid, new sanctions and financial support at an ECOFIN press conference. He said the Ukraine Support Loan has advanced with the approval of the MFF Regulation and the Ukraine Financing Strategy, and that a memorandum of understanding with Ukrainian authorities is being finalized to allow first disbursements. The EU also adopted its 20th sanctions package, tightening pressure on sectors that fund Russia’s war, and reaffirmed the need to sustain that pressure amid rising energy prices. In the Recovery and Resilience Facility, the Commission disbursed €3.5 billion to seven member states and added €1.3 billion to Slovakia and €4.6 billion to Germany, bringing total disbursements to €405 billion. Additional actions include a regulatory deep‑cleaning plan for banking rules and new VAT‑fraud cooperation giving the European Public Prosecutor’s Office and OLAF direct access to EU VAT data.
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