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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: Ukraine-Hit States To Get Higher RRF Grant-Brussels
The impact of the war in Ukraine will have an impact on the final share-out of Recovery Fund grants among member states, EU Economic Commissioner Paolo Gentiloni said Monday. In comments to the European Parliament, Gentiloni said the Commission was working to identify “additional reforms and investments” which could be undertaken by states to reduce their dependence on fossil fuels and diversify sources of fossil fuel imports.
These additional reforms and investments to ensure greater security of energy supplies would mean some changes to the remaining 30% of the grant allocation of the RRF. “Member States ultimately less affected by the crisis will have a somewhat lower grant allocation than originally estimated, and those harder hit a higher grant allocation,” the commissioner said.
The Commission will establish the final numbers in July this year.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.