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EU
Hungary has returned $40 million and 9kg of gold to Ukraine’s Oschadbank, seized during a March raid amid diplomatic tensions. President Zelenskyy lauded this as a crucial step in improving relations, following Hungary’s lift of a veto that previously stalled EU financial support for Ukraine.
EU STRATEGY UPDATE
This morning, Europe prepares for key discussions on energy policy and security reforms.
Urgent measures reflect ongoing geopolitical challenges.
Donald Trump has announced a tariff increase on European cars to 25%, prompting potential retaliatory measures from the EU. This development marks a significant escalation in trade tensions between the US and Europe, with implications for both economies.
Germany’s Defence Ministry has confirmed it will not purchase additional F-35 fighter jets, dismissing reports amid delays in the Future Combat Air System (FCAS) project. This decision is significant as it underscores the ongoing challenges in European defence collaboration.
A YouGov survey reveals that a majority of EU citizens support modifying the European Convention on Human Rights (ECHR) to enable deportation of serious crime offenders. Notably, 75% of Germans favour this change, amid widespread confusion about the ECHR’s role.
Cliff Notes – How the European Union looks to counter China in Africa The EU…
Canada’s Prime Minister Mark Carney confirmed the country’s participation in the EU’s Security Action for Europe (SAFE) agreement, paying €10 million, marking Canada as the first non-European state involved. The UK, however, faces demands of €4 billion to €6.75 billion for similar access.
EU Commission Vice-President Dubravka Šuica will face scrutiny from member states at Monday’s Foreign Affairs Council regarding her attendance at Donald Trump’s Board of Peace inauguration, amid criticism of the Commission overstepping its foreign policy mandate.
The European Union’s proposal for a new sanctions package against Russia remains unresolved after ambassadors failed to agree on a maritime services ban for Russian oil tankers. High Representative Kaja Kallas emphasized the urgency as the 24 February deadline approaches.
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