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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
EU economic chief open to confiscation of frozen Russian assets - Bloomberg

European Commissioner Valdis Dombrovskis has called for the confiscation of frozen Russian assets for Ukraine. The EU is reassessing the risks of such a move amid a possible reduction in US aid.

Economy • December 20, 08:12 AM • 19836 views
Currency exchange rate as of December 20: hryvnia at historic low again

The NBU has set the official hryvnia exchange rate at 41. 89 UAH/USD, which is 2 kopecks lower than the previous figure. On the interbank market, the dollar is trading at UAH 41.85-41.87, the euro at UAH 43.51-43.52.

Economy • December 20, 07:08 AM • 18149 views
President of Ukraine plans to discuss the war in Ukraine with Trump and counts on his understanding

Volodymyr Zelenskyy announced his intention to discuss the details of the Russian-Ukrainian war with Donald Trump. The President of Ukraine counts on Trump's understanding and support in ending the war.

War in Ukraine • December 19, 03:43 PM • 55653 views
Zelenskyy: Ukraine wants a serious plan to stop Putin after Trump's inauguration

The President of Ukraine said that a serious plan to stop Putin is needed after Trump's inauguration. Zelenskyy emphasized the importance of a united position of the United States and Europe on this issue.

War in Ukraine • December 19, 03:16 PM • 20326 views
Zelensky calls on the EU to put pressure on Ivanishvili over Georgia's rejection of European integration

The President of Ukraine addressed the European Council on the situation in Georgia. Zelenskyy said that the Russian-controlled Georgian government refuses to cooperate with the EU and works in favor of Putin.

Politics • December 19, 03:00 PM • 16417 views
Zelensky supports France's initiative on military contingent in Ukraine

The President of Ukraine spoke at a meeting of the European Council, where he supported France's initiative to send a military contingent. Zelenskyy called on other partners to join these efforts to end the war.

War in Ukraine • December 19, 02:28 PM • 17884 views
Zelenskyy: Orban's relations with Putin are too “warm” to put the latter in his place

The Ukrainian president said that Orban's relations with Putin are too “warm” for effective negotiations. Zelenskyy emphasized that the Hungarian prime minister has no mandate for such talks.

War in Ukraine • December 19, 02:19 PM • 18278 views
Zelensky names steps to peace: Europe's clear position and maximum pressure on Russia

The President of Ukraine presented a seven-point plan for peace to the European Council. The plan includes joining NATO, EU membership, strengthening sanctions and using frozen Russian assets.

War in Ukraine • December 19, 02:19 PM • 17900 views
Europe and the US can bring the end of the war closer: Zelensky names condition

President Zelenskyy said that the United States and Europe could bring the end of the war closer if the EU has a united position. He called for the involvement of the Global South and supported the French initiative on the military contingent.

War in Ukraine • December 19, 02:05 PM • 17854 views
Zelensky to the European Council: We need to impose sanctions on Rosatom

The President of Ukraine addressed a meeting of the European Council calling for sanctions against Rosatom and the Russian tanker fleet. The EU has already adopted the 15th package of sanctions against Russia to limit its military capabilities.

War in Ukraine • December 19, 01:53 PM • 19344 views
Gas transit among topics of EU talks with Zelenskiy - Bloomberg

EU leaders plan to discuss with President Zelenskyy the issue of Russian gas transit through Ukraine after 2024. Slovenia and Ukraine are skeptical about the continuation of transit, but alternative options are being considered.

Economy • December 19, 01:36 PM • 18577 views
Ukraine is winning the economic war against Russia - The Economist

Ukraine's economy is performing better than Russia's for the first time since the invasion. The NBU forecasts GDP growth of 4% in 2024, while Russia expects only 0.5-1.5% in 2025.

War in Ukraine • December 19, 01:15 PM • 16607 views
“We expect the first tranche in January 2025” - Zelenskyy on EU assistance worth more than €18 billion

Zelenskyy meets with Ursula von der Leyen in Brussels to discuss Ukraine's accession to the EU. The parties discussed new macro-financial assistance and the use of frozen Russian assets.

Economy • December 19, 11:58 AM • 16966 views
Defense Minister: Sweden does not rule out sending troops to Ukraine

Swedish Defense Minister Pal Jonson does not rule out the deployment of Swedish troops in Ukraine and joint exercises. Sweden has already provided Ukraine with $4.4 billion in military aid.

War in Ukraine • December 19, 11:47 AM • 18578 views
Rada abolished the “meeting room” in courts: what will change in the judicial process

The Verkhovna Rada has passed a law abolishing the institute of a “deliberation room” in courts. Now the court will immediately proceed to the decision-making stage, which should speed up the judicial process.

Politics • December 19, 11:35 AM • 12598 views
EU chief of diplomacy: there is no point in pushing Zelenskyy to talk when Putin doesn't want to talk

The EU's top diplomat called for an end to pressure on Zelenskyy regarding negotiations with Russia and for real security guarantees. Kallas emphasized that supporting Ukraine is now cheaper than the consequences of a possible Russian victory.

War in Ukraine • December 19, 09:32 AM • 42358 views
Zelenskyy: Unity of the US and EU is crucial for Ukraine to achieve peace

The President of Ukraine emphasized the importance of unity between the US and the EU to achieve peace. Zelenskyy plans to discuss this issue with the US president after his inauguration.

Politics • December 19, 09:29 AM • 15022 views
The new President of the European Council assured: EU will support Ukraine as long as it is needed

President of the European Council Antonio Costa reiterated the EU's full support for Ukraine. The European Council will discuss Ukraine and its future membership in the EU.

War in Ukraine • December 19, 09:17 AM • 17314 views
EU leaders to send 'clear message' to Trump on Ukraine - Reuters

EU leaders plan to reaffirm their continued support for Ukraine at a summit with Zelenskyy in Brussels. They will also discuss the challenges of Trump's return and a potential trade war with the United States.

Politics • December 19, 08:16 AM • 16446 views
The World Bank has provided Ukraine with more than $2 billion: where will the money go?

The World Bank has approved a new $1. 05 billion DPO operation for Ukraine and an additional $1 billion grant. The funds will be used for economic reforms, railroad development, and renewable energy.

Economy • December 18, 09:46 PM • 61083 views
Georgian people demand new elections and European future - Zurabishvili

Salome Zurabishvili appealed to the European Parliament to put pressure on the Georgian government to hold new elections. She claimed repression of peaceful protesters and stolen voting results.

Society • December 18, 04:13 PM • 23940 views
Macron to meet one-on-one with Zelensky in Brussels today

The presidents of France and Ukraine will meet one-on-one in Brussels on the margins of the EU and Western Balkans summit. Macron may miss an important NATO meeting on Ukraine because of a trip to Mayotte.

Politics • December 18, 04:03 PM • 17616 views
Polish Minister: Hungary will not be able to return to EU norms under Orban

Polish Justice Minister Adam Bodnar said that Hungary has gone too far in deviating from EU norms. Even a change of government in 2026 may not remedy the situation due to deep institutional changes.

Politics • December 18, 03:46 PM • 19471 views
Global coal consumption will set a new record in 2024

The IEA predicts a historic high in coal use in 2024, despite climate warnings. China remains the largest consumer, using 4.9 billion tons of coal.

Economy • December 18, 03:23 PM • 19921 views
EU court dismisses claims of oligarch Deripaska and two Russian banks against sanctions

The Court of Justice of the European Union has dismissed the claims filed by Oleg Deripaska, Rosbank and Tinkoff Bank to lift sanctions. Deripaska was also denied compensation for non-pecuniary damage of one million euros.

News of the World • December 18, 02:22 PM • 18569 views
22.5 thousand individual entrepreneurs closed after signing the law on new taxes

Following the signing of the law on tax increases, there has been a massive closure of individual entrepreneurs in Ukraine. More than 1,000 entrepreneurs are closing down every day, which is significantly higher than the usual figure of 700 closures.

Economy • December 18, 12:35 PM • 16094 views
The EU will allocate over 18 billion euros to Ukraine from frozen Russian assets in 2025 - Ursula von der Leyen

Ursula von der Leyen announced the start of the loan repayment within the G7 commitment from January. The EU will provide Ukraine with €13 billion from the Fund and more than €18 billion from frozen Russian assets.

Economy • December 18, 12:11 PM • 17173 views
Ukraine has received a new tranche of EUR 4.1 billion from the EU - Shmyhal

The EU has provided Ukraine with a second tranche of EUR 4. 1 billion under the Ukraine Facility program. The total amount of assistance under the program will be EUR 50 billion by 2027.

Economy • December 18, 11:28 AM • 13816 views
The European Commission may start negotiations on a basic cluster with Ukraine at the beginning of 2025 - Ursula von der Leyen

Ursula von der Leyen announced the possibility of opening a basic cluster of negotiations on Ukraine's EU membership at the beginning of 2025. Other clusters are planned to be considered during the same year.

Politics • December 18, 11:28 AM • 12855 views
Head of the European Commission confirmed the preparation of the 16th package of sanctions against Russia

Ursula von der Leyen confirmed the preparation of the 16th package of sanctions against Russia. The previous sanctions have already led to a fall in the ruble and an increase in inflation in some sectors of the Russian economy by up to 70%.

War in Ukraine • December 18, 10:49 AM • 16000 views