8 Apr

The ECOFIN meeting of April 5 was dominated by the situation in Ukraine. The ministers exchanged views on the economic and financial impact of the war and discussed the possible measures to take in order to mitigatate the negative impacts. Serhii Marchenko, Minister of Finance of Ukraine joined part of meeting online, and outlined the economic consequences of the russian agression. In the context of the implementation of the European financial architecture for development, the EBRD and the EIB gave an overview of their ongoing and prospective financial support initiatives to support Ukraine. Another important point on the ministers’ agenda was the directive on ensuring a global minimum level of taxation for multinational groups in the Union, but consensus could not be reached yet on this dossier.