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European Union

Political and economic union
The European Union (EU) is a political and economic union created after World War II to ensure peace and economic cooperation on the European continent. It evolved from the European Economic Community, founded in 1957, and was officially established as the European Union in 1993 with the entry into force of the Maastricht Treaty, guided by the values of democracy, freedom, equality, and the rule of law. The EU is the largest trading bloc in the world, actively works to protect the environment, and plays an important global role in promoting peace and development.
1957
Founding of the European Economic Community, which promoted economic integration
1985
Signing of the Schengen Agreement, which laid the foundation for free movement without border controls
1986
Adoption of the Single European Act, which laid the groundwork for the creation of a single market
1993
Official creation of the European Union by the Maastricht Treaty
1993
Launch of the single internal market, ensuring the free movement of goods, services, capital, and people
2002
Introduction of euro banknotes and coins as a single currency for many member states
2004
Largest enlargement, with ten new member states joining, contributing to peace and stability
2012
Awarded the Nobel Peace Prize for its long-standing work in promoting peace and reconciliation in Europe
2022
Granting Ukraine candidate status for accession, confirming its European perspective
News by theme
Poland allows security forces to use weapons at the border with “impunity”

The Polish parliament passed a law allowing security forces to use lethal weapons with “impunity” in response to threats. This raised concerns among human rights activists about possible human rights violations.

News of the World • July 27, 11:01 AM • 28843 views
Yellen hopes to approve $50 billion loan to Ukraine by October

U. S. Treasury Secretary Janet Yellen expects to approve the terms of a $50 billion loan to Ukraine by October. The funds are to be provided from frozen Russian assets, which are to remain blocked until the loan is repaid.

Economy • July 27, 12:31 AM • 47547 views
EU calls on China to promote peace in Ukraine and stop exports to Russia

The EU High Representative called on China to facilitate the peace process in Ukraine and stop exporting dual-use goods to Russia. Josep Borrell asked China to use its influence on Russia to end the war.

War in Ukraine • July 26, 10:56 PM • 100513 views
Ukraine and the US discuss expanding economic cooperation

Ukraine's Minister of Economy Yulia Svyrydenko met with American partners. They discussed investment, financial support, preferential lending and the removal of anti-dumping duties on Ukrainian steel products.

Economy • July 26, 09:30 PM • 32543 views
Fico discusses options for resuming Lukoil oil transit with Shmygal

Slovak Prime Minister Fico offers Ukraine a technical solution to resume Russian oil transit. Slovakia emphasizes the importance of transit for the Slovneft refinery over more expensive alternatives.

Economy • July 26, 05:11 PM • 27881 views
DIU on Russia's missile production: due to sanctions circumvention and smuggling, a certain level is still maintained

A representative of the GUR said that Russia maintains a certain level of missile production through sanctions circumvention and smuggling. The sanctions have a long-term effect on the aggressor's military economy, but have not stopped production completely.

War in Ukraine • July 26, 01:30 PM • 24409 views
China supplies military equipment to Belarus, which produces weapons for the Russian army - media

Chinese companies export military equipment to Belarusian companies under sanctions. Belarusian companies, in turn, have close ties with Russia and supply it with weapons.

News of the World • July 26, 01:25 PM • 20646 views
Ukraine will soon receive a tranche of USD 3.9 billion from the US - Ministry of Finance

The Minister of Finance of Ukraine announced that he expects financial assistance from the US and the EU in the near future. These funds will help Ukraine to look to the future with confidence until the end of the year.

Economy • July 26, 11:25 AM • 33556 views
Estonia's new prime minister to implement austerity policies in the country - Bloomberg

Estonia's new Prime Minister Kristen Mihal has announced tax increases and spending cuts to strengthen the country's security. The government plans to allocate €1.1 billion for defense projects and increase military spending by €4 billion over 5 years.

Economy • July 26, 07:14 AM • 24277 views
Hungary receives a record loan of EUR 1 billion from Chinese banks

Hungary borrowed €1 billion from three Chinese banks in the spring of 2024. This is the largest loan in the country's history, to be repaid within three years, and is aimed at financing infrastructure and energy.

Economy • July 26, 01:59 AM • 112832 views
Meta to receive first EU antitrust fine for Facebook Marketplace

Meta Platforms is expecting a fine from the EU for the unfair advantage of Facebook Marketplace. The penalty could reach $13.4 billion, with a decision expected in September-October.

Technologies • July 25, 09:23 PM • 19411 views
“There are hundreds of thousands of potential recruits in the EU": Polish Foreign Minister believes that Europe can encourage Ukrainians to return home

Polish Foreign Minister Radoslaw Sikorski said that the EU could encourage the return of Ukrainian conscripts home. There are hundreds of thousands of potential recruits for Ukraine in EU countries.

War in Ukraine • July 25, 05:31 PM • 35681 views
Russian companies face increasing problems with payments due to sanctions - media

Banks in countries that trade with Russia are delaying payments due to the risk of secondary US sanctions. This complicates Russia's transactions with China and India, disrupting trade with key economic partners.

News of the World • July 25, 04:51 PM • 21915 views
EU not in favor of lifting sanctions on Russia's Lukoil to restore oil transit - FT

The EU countries have rejected a call by Hungary and Slovakia to lift sanctions against Lukoil in order to resume oil transit through Ukraine. The European Commission said that additional time was needed to assess the situation.

Economy • July 25, 10:18 AM • 25931 views
EU forms new team of commissioners: who will join

Most EU countries have already nominated candidates for the new European Commission. Among them are both new names and current commissioners. The key issues will be EU enlargement and negotiations with Ukraine.

Politics • July 25, 08:35 AM • 102950 views
Targeting shopping centers, gas stations, and markets in Ukraine and the EU: in a special operation with 37 searches, an FSB agent group preparing arson attacks was “caught”

The SBU and police conducted a special operation with 37 searches, neutralizing an FSB agent group. The group was planning arson attacks, targeting shopping centers, gas stations and other facilities in Ukraine and the EU.

Crimes and emergencies • July 25, 06:30 AM • 15330 views
Kuleba: Ukraine is ready for peace process under two conditions

Ukraine's Foreign Minister Dmytro Kuleba outlined two principles of participation in the peace process. He emphasized respect for Ukraine's sovereignty and territorial integrity during a meeting with his Chinese counterpart.

War in Ukraine • July 25, 03:26 AM • 115737 views
Latvia reacts to information about the possible participation of its citizens in the Artek children's camp

Latvia is investigating information about the possible participation of its children in the Artek camp in occupied Crimea. Authorities warn of risks and urge not to visit the occupied territories of Ukraine.

Society • July 24, 10:11 PM • 27385 views
G7 discusses lending plan for Ukraine and extension of Russian asset freeze

G7 leaders consider using the proceeds of frozen Russian assets to provide a $50 billion loan to Ukraine. The United States demands guarantees of a long-term freeze on Russian assets until a peace agreement is concluded.

Economy • July 24, 08:26 PM • 61792 views
Sanctions are working: the EU is confident that Russia is lying about the strength of its economy

Finance ministers from eight EU countries say Western sanctions have hit the Russian military machine. They call for increased pressure on the Putin regime and support for Ukraine.

News of the World • July 24, 05:58 PM • 22817 views
EU countries plan to extend freeze on Russian assets to secure loan for Ukraine - Reuters

EU countries will discuss extending sanctions on Russian assets to secure a $50 billion G7 loan to Ukraine. Options for an indefinite extension or for 3 years are being considered.

Economy • July 24, 02:07 PM • 65375 views
Ministry of Economy has started consultations as part of the EU accession negotiations

The Ministry of Economy of Ukraine held consultations on the approximation of Ukrainian legislation to the European one in trade, labor and procurement. They discussed free access of goods to EU markets, updating labor legislation and public procurement reform.

Economy • July 24, 01:35 PM • 31621 views
The Ministry of Infrastructure launches a pilot project to train bus drivers

Ukraine is launching a pilot project to train women to drive buses to overcome the staff shortage. The initiative is aimed at creating new jobs and implementing gender equality standards in the transportation industry.

Society • July 24, 01:30 PM • 23078 views
Shmyhal talks with the new Prime Minister of Estonia: Tallinn promised support on the way to the EU and NATO

Prime Minister of Ukraine Denys Shmyhal had an online conversation with the newly appointed Prime Minister of Estonia Kristen Mihal. They discussed further support for Ukraine, sanctions against Russia and cooperation between the governments.

Politics • July 24, 01:16 PM • 19256 views
EU ambassadors agree to allocate EUR 4.2 billion to Ukraine under the Ukraine Facility

EU ambassadors approve the first disbursement to Ukraine under the Ukraine Facility program in the amount of EUR 4. 2 billion. The decision must be approved by the EU Council.

Economy • July 24, 10:09 AM • 97081 views
Syrsky addresses Ukrainians abroad: calls on them to fulfill their constitutional duty

Commander-in-Chief of the Armed Forces of Ukraine Oleksandr Syrskyi called on Ukrainians abroad to join the defense of the country. He emphasized the importance of mobilization to create the necessary reserves and form brigades.

War in Ukraine • July 24, 09:48 AM • 43706 views
Kuleba at a meeting with Chinese Foreign Minister: we need to end the war, restore peace and accelerate Ukraine's recovery

Ukrainian Foreign Minister Dmytro Kuleba met with Chinese Foreign Minister Wang Yi in Guangzhou. They discussed bilateral relations, the international agenda and ways to achieve a just peace in Ukraine.

War in Ukraine • July 24, 08:59 AM • 31983 views
Poland's Defense Minister mentions “Volyn issue” in the context of Ukraine's accession to the EU

Władysław Kosiniak-Kamysz said that only Ukraine's victory will ensure the security of Poland and Europe. He also emphasized the need to resolve historical issues for Ukraine's accession to the EU.

War in Ukraine • July 24, 05:50 AM • 83370 views
Ukraine discusses integration of legislation into EU norms with northern partners

The Deputy Minister of Internal Affairs of Ukraine met with advisors from the Nordic and Baltic countries. They discussed the adaptation of security legislation to EU standards and the reform of law enforcement agencies.

Politics • July 23, 11:09 PM • 36422 views
EU launches antitrust investigation against Delivery Hero and Glovo

The European Commission is investigating a possible violation of EU competition rules by Delivery Hero and Glovo. The suspected violations include market allocation, exchange of commercial information, and personnel arrangements.

News of the World • July 23, 06:15 PM • 19813 views