Slovak Prime Minister Robert Fico stated that the country will not support the EU's REPowerEU initiative to abandon Russian gas from 2028. Slovakia links this issue to the 18th package of sanctions against the Russian Federation, demanding a postponement of the vote.
The European Commission presented a proposal for the EU budget for 2028-2034 amounting to 2 trillion euros. Of this amount, 100 billion euros are planned to be allocated to Ukraine to support its recovery and path to EU membership.
The European Commission plans to increase the EU budget to €1. 717 trillion for the next 7 years, of which €88 billion could be allocated to support Ukraine. European Commission President Ursula von der Leyen will present this budget plan for 2028-2035.
The European Commission is working with Slovakia to address its concerns about the EU's plan to phase out Russian gas imports by 2028. Bratislava is blocking a sanctions package, fearing shortages and rising prices.
The President of the European Commission and the Prime Minister of Canada discussed strengthening economic and strategic cooperation. The leaders focused on competitiveness, defense procurement, and clean technologies.
German Chancellor Friedrich Merz stated that the possible introduction of 30% tariffs by the US would "hit German exports in the heart. " Germany is considering counter-tariffs and coordinating actions with EU leaders to prevent this.
Following the URC2025 conference, Ukraine received EUR 232. 7 million for recovery. The funds will be used for compensation for destroyed housing, restoration of cultural heritage and irrigation systems in Odesa region, as well as transport networks.
The European Union will continue negotiations with the United States on a trade agreement until August 1, but is ready for proportional countermeasures. This is a response to the US president's statement about introducing a 30% tariff on EU exports, which will harm businesses and consumers.
President Zelenskyy met with European Commission President Ursula von der Leyen and European Council President António Costa. The parties discussed Ukraine's European integration and the 18th package of sanctions against Russia, as well as a new support package of over 2 billion euros.
Ukraine and Belgium signed a Letter of Intent at the Ukraine Recovery Conference URC2025 in Rome. The document provides for an agreement between Belgian BIO Invest and Bank Lviv for 5 million euros for the development of small and medium-sized businesses.
The European Commission announced a new financial support package for Ukraine worth €2. 3 billion, which includes grants and loan guarantees. The funds will be directed towards supporting businesses, investments, urban reconstruction, energy security, and critical infrastructure.
President Zelenskyy emphasized the need to use frozen Russian assets, not just profits, for Ukraine's reconstruction. European Commission President Ursula von der Leyen announced the creation of the European Flagship Fund for the Reconstruction of Ukraine.
European Commission President Ursula von der Leyen successfully survived a no-confidence vote initiated by the far-right in the European Parliament. 360 MEPs voted against the resolution, 175 voted for, allowing her to retain her position.
European Commission President Ursula von der Leyen announced the creation of the European Flagship Fund for the Reconstruction of Ukraine.
Ukrainian President Volodymyr Zelenskyy arrived at the Ukraine Recovery Conference in Rome. He will speak at the plenary session alongside leaders from Italy, Germany, the European Commission, and Poland.
The meeting in Rome will focus on Ukraine's long-term recovery and the mobilization of investments, particularly private sector funds.
Hungarian Prime Minister Viktor Orban called for the resignation of European Commission President Ursula von der Leyen and rejected Brussels' economic recommendations regarding fiscal policy. The Hungarian government refused the EC's demands for permanent fiscal measures to reduce the budget deficit, citing national priorities.
President of Ukraine Volodymyr Zelenskyy arrived in Rome for a meeting with Italian President Sergio Mattarella. A meeting with Pope Leo XIV is also possible, and on July 10-11, a conference on Ukraine's recovery will take place.
Ukrainian President Volodymyr Zelenskyy will open a conference on Ukraine's reconstruction in Rome this week, together with Italian Prime Minister Giorgia Meloni. The event aims to mobilize investments, particularly from the private sector, for Ukraine.
The European Commission is considering options to finance Ukraine's budget deficit for next year, which could reach $19 billion. Off-budget grants, advance loans, and the use of Russian assets are being discussed.
Asian stock markets are stable, while the dollar strengthens and oil prices fall after the US announced increased tariffs for 14 countries, including Japan and South Korea, starting August 1. The European Union will not receive new increased tariffs.
Danish Economy Minister Stephanie Lose warned that a massive increase in military spending in the EU could pose a serious risk to the bloc's financial stability. This applies to countries that do not control the reduction of budget deficits and public debt.
Moldovan President Maia Sandu stated that the country's future in the EU depends on Moldovans ahead of the September parliamentary elections. The EU has allocated the first tranche of 270 million euros for Moldova.
The United States of America is considering imposing 17% tariffs on agricultural exports from the European Union. European officials are trying to negotiate exemptions for certain goods, including aircraft parts and alcohol.
Ukraine and Denmark have signed an agreement on the establishment of Ukrainian defense production facilities in Denmark. Denmark has become the first country to which Ukraine exports its own defense technologies for production and supply to the Ukrainian army.
Ukrainian President Volodymyr Zelenskyy met with EU and Danish leaders, discussing Ukraine's accession to the EU, strengthening sanctions against Russia, and military aid. The parties emphasized the importance of pressure on the Russian Federation and the use of frozen Russian assets.
European Commission President Ursula von der Leyen announced the transfer of two million shells and 1. 5 billion euros to Ukraine. The aid is financed by Russian funds, which underscores the importance of the Save Safe program for investments in Ukraine's defense.
European Commission President Ursula von der Leyen and Danish Prime Minister Mette Frederiksen stated the need for a strategic rethinking of the EU's defense policy. They emphasized that supporting Ukraine with weapons is an investment in the security of the European Union, and the Armed Forces of Ukraine are deterring a threat to Europe.
During his visit to Denmark, President Zelenskyy stated that he is counting on Denmark's financial contribution to the production of drones for Ukraine. He will also discuss the missile program with the President of the European Council and the President of the European Commission.
Ryanair has canceled 170 flights, affecting over 30,000 passengers, due to a nationwide air traffic control strike in France. The disruptions affect flights to/from France and over its airspace, impacting routes from the UK to Greece and from Spain to Ireland.
