In remarks at the ECOFIN press conference, European Commission Executive Vice-President Valdis Dombrovskis set out the Commission’s proposal to provide a further EUR 90 billion in financial support to Ukraine in 2026 and 2027, and reviewed implementation of the Recovery and Resilience Facility (RRF) and the new economic governance framework. On Ukraine, the proposed support is intended to safeguard financial sustainability and strengthen defence, with the Commission seeking rapid adoption by the co-legislators and continued delivery of international partners’ commitments, including the G7-led Extraordinary Revenue Acceleration loans under which EUR 35 billion has already been disbursed. On the RRF, the Commission has disbursed an additional EUR 15.5 billion to four Member States since the last ECOFIN meeting in December, while ministers endorsed amendments to the plans of Finland, Germany, Ireland, the Netherlands, Spain and Sweden, bringing to 24 the number of Member States that have simplified or streamlined their plans and reducing remaining milestones and targets to be assessed by 20% per plan on average. Looking ahead, Member States must complete all agreed RRF milestones by the end of August, and the Commission will provide its first assessment of Finland’s effective action under the Council recommendation to end its excessive deficit by 2028 as part of the European Semester Spring Package.

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