European Commission advances 2027 Ukraine support loan proposal
The European Commission has advanced the implementation of the EUR 90 billion Ukraine Support Loan. The package adopted today is described as providing Ukraine with essential budgetary support and defence products in 2026 and 2027. The Commission's latest move includes a proposal for the Council to approve the remaining EUR 45 billion of the loan for 2027. The source presents this as the next step in the loan's rollout, without giving further terms or timing. No additional operational details are provided in the source. The text identifies the financial support package, its total value, and the portion now proposed for... [Continue Reading]
Breaking-360LiveNews | 31 Oct 2026 09:31 LONDON
As an Amazon Associate we earn from qualifying purchases.
EU fast-tracks Ukraine support funding amid financial crunch
The European Union plans to accelerate disbursement of its €90 billion support loan to Ukraine as the country faces a growing financial crunch. Brussels now intends to concentrate the second €45 billion envelope in the first half of 2027, rather than letting the assistance run later into the year. The move is meant to prevent a funding gap that officials say could have serious consequences for Ukraine's budget and military needs.According to the European Commission's strategy published on Friday, the second tranche will be split into €31.7 billion for military support and €13.3 billion for budget support. The military portion... [Continue Reading]
360LiveNews | 30 Oct 2026 16:29 LONDON
EU states push back on Brussels plan to tax gas more than electricity amid energy cost debate
More than a dozen EU countries have pushed back against a European Commission proposal that would make electricity cheaper than gas through preferential taxation. The dispute was aired at a meeting of EU energy ministers in Luxembourg on Thursday, where several governments said Brussels was overstepping its powers. The plan is part of the Commission's wider effort to encourage households and businesses to switch away from fossil fuels and toward electricity.Germany, Italy, Malta, the Czech Republic, Bulgaria, Slovakia, Finland, Romania, Croatia, Poland, Latvia, Estonia and Hungary were among the countries calling for the measure to be dropped. They argued that... [Continue Reading]
360LiveNews | 29 Oct 2026 17:34 LONDON
EU warned to expand refining capacity as war-driven fuel shocks expose market vulnerability
The European Commission is being urged to treat refining capacity as a strategic weakness after a prolonged war in the Middle East highlighted how quickly fuel markets can be disrupted. Energy expert Osama Rizvi said high fuel prices have become a structural feature of the market, arguing that the world needs more refineries spread across the globe to reduce exposure during geopolitical crises. His comments came as the European Commission signalled that the loss of refining capacity is a vulnerability Europe can no longer afford to ignore.European Energy Commissioner Dan Jørgensen said the prolonged conflict should serve as a wake-up... [Continue Reading]
360LiveNews | 29 Oct 2026 10:11 LONDON
More from 360LiveNews
EU prepares new tool to cut strategic dependence on China
The European Commission is due to present a new instrument in early December aimed at pushing companies to diversify suppliers and reduce strategic dependencies on a single country. The proposal is expected to be unveiled a week before a meeting of European Union leaders. While China is not named in the draft description, the measure is clearly intended to address vulnerabilities linked to Beijing.The plan follows a year in which supply-chain pressure exposed how dependent some European industries remain on Chinese inputs. According to the supporting material, Beijing blocked exports of rare earths in 2025 during a trade dispute with... [Continue Reading]
360LiveNews | 29 Oct 2026 07:02 LONDON
EU budget fight intensifies over Ukraine's €70 billion 2027 shortfall
The European Union's next seven-year budget talks have been pulled deeper into the debate over Ukraine financing after leaders validated a €70 billion shortfall in Kyiv's 2027 needs. The issue has now become part of the bloc's wider budget negotiations, with officials warning that the two files are becoming politically intertwined even if they remain separate on paper. The latest discussions are centred in Brussels, where the European Commission has been asked to prepare financing options.A special summit planned for November has also been extended to two days to allow more time for the Ukraine discussion. According to the supporting... [Continue Reading]
360LiveNews | 27 Oct 2026 06:29 LONDON
US-Ireland talks continue on removing whiskey tariffs
Negotiations are still under way over the removal of the 10% US tariff on Irish whiskey, after Donald Trump announced last month that he would take the duty off. The tariff remains in place for now, and officials say the technical steps needed to implement any change have not yet been completed. Ireland says it wants zero tariffs for all EU spirits, not only for Irish whiskey.A spokesperson for Ireland's Department of Foreign Affairs and Trade said intensive engagement with the US Trade Representative on technical implementation was still ongoing. The department said it wanted the change to be implemented... [Continue Reading]
360LiveNews | 24 Oct 2026 15:30 LONDON
