Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home » EU approves rapid funding response to Russia’s war in Ukraine

    EU approves rapid funding response to Russia’s war in Ukraine

    npsnps18 October 2022
    — Filed under: EU Funding EU News European Council Headline2 Ukraine
    Share
    Facebook Twitter LinkedIn Pinterest Email
    EU approves rapid funding response to Russia's war in Ukraine

    Refugees – Photo © European Union 2022

    (LUXEMBOURG) – The EU Council adopted a legislative package Thursday to step up support for European states in managing the effects of Russia’s war in Ukraine, including hosting more Ukrainian refugees.

    The new measures increase flexibility in the use of EU cohesion policy funds to channel resources towards supporting refugees, while taking into account the budgetary constraints faced by member states and ensuring maximum efficiency of support.

    The legislative amendments also address the delayed implementation of some projects due to high energy prices and market disruptions caused by the war, compounded by the long-lasting consequences of the COVID-19 pandemic for project implementation. Some of the specific measures adopted today include:

    • a further €3.5 billion of pre-financing for projects to provide additional liquidity from the 2014-2020 programmes
    • extending the possibility of obtaining 100% co-financing for investment in promoting the socio-economic integration of third-country nationals
    • extending the possibilities for transferring resources for actions to support refugees not only between the European Regional Development Fund and the European Social Fund, but also from the Cohesion Fund
    • retroactively reimbursing projects dealing with refugee-related needs that have already been completed
    • ring-fencing 30% of the expenditure on refugees for local authorities and civil society organisations operating in local communities

    In practice, the new measures will facilitate the financing of a wide range of actions to support people fleeing the war, ranging from providing first reception and accommodation to ensuring refugees’ access to healthcare and the labour market. They will also ensure sufficient direct support for those providing the first line of assistance to refugees in local communities.

    In addition, the measures make it easier to phase delayed projects from the 2014-2020 programmes to the 2021-2027 programmes.

    The EU co-legislators agreed on these legislative changes through a fast-track procedure, in order to provide a rapid response to urgent needs on the ground, making no amendments to the Commission proposal submitted at the end of June.

    The legislative changes will enter into force following their publication in the Official Journal.

    Regulation amending Regulations (EU) No 1303/2013 and (EU) 2021/1060 as regards additional flexibility to address the consequences of the military aggression of the Russian Federation (FAST-CARE)

    Add A Comment
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    Oil tanker - Image by Erich Westendarp from Pixabay

    Middle East conflict raises risks for prices and supply chains in Europe the longer it lasts

    Sustainable finance - Image by Nattanan Kanchanaprat from Pixabay

    Civil society warns: ESRS cuts risk hiding companies’ impacts on people and nature

    Sponsor: WWF12 March 2026
    Psychiatrist - Photo by SHVETS production on Pexels

    Professional licensing evaluations: when careers depend on psychiatric opinions?

    Culture of fermentation and maturation

    The Value of Time – an analysis of maturation in products

    E-commerce - Photo by Antoni Shkraba Studio on Pexels

    A third of online shoppers in the EU experience issues

    Farming women - Photo by Anna Shvets on Pexels

    EU launches platform to promote women in agriculture

    LATEST EU NEWS
    E-commerce - Photo by Antoni Shkraba Studio on Pexels

    A third of online shoppers in the EU experience issues

    12 March 2026
    Farming women - Photo by Anna Shvets on Pexels

    EU launches platform to promote women in agriculture

    11 March 2026
    Euro - ECB-Photo by Mika Baumeister on Unsplash

    March currency outlook – Euro currency news daily

    11 March 2026
    Jorgensen - Ribera - Photo © European Union 2026

    EU energy package to focus on cleaner, cheaper energy

    10 March 2026
    Wetlands Kalenberg, Netherlands - Photo by Elly Kelders on Unsplash

    EUR 103m EU funding for strategic environment and climate projects

    9 March 2026

    Subscribe to EUbusiness Week

    Get the latest EU news

    CONTACT INFO

    • EUbusiness, 117 High Street, Chesham Buckinghamshire, HP5 1DE, United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Terms
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2026

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?