Extraordinary Economic and Financial Affairs Council on the invasion of Ukraine
The Council discussed the implementation and consequences of the sanctions imposed on Russia, including seven Russian banks being banned from accessing the SWIFT system and the suspension of Russia Today and Sputnik broadcasts, as well as the consequences for Member States.
It agreed to coordinate the national measures to halt the impact of the rise in energy prices and expand the range of sanctions to prevent them from being circumvented, as in the case of crypto assets. They also agreed to increase financial support to Ukraine in cooperation with multilateral banks such as the IMF, EBRD and the EIB.
You will find this and other key issues in the European news, such as the various extraordinary Council meetings and Parliament plenary sessions on the Russian invasion in Ukraine or the European Commission's budget policy guidelines for 2023, as well as a look at the main meetings in the European institutions during the week of March 7-11, in our newsletter “The EU in Headlines”.
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