Potential Longer Run Supply Headwinds From Touted Ukraine Financing Deal

One matter to be aware of when it comes to potential longer run supply headwinds for the EGB space comes via an overnight FT article (click for full story).

• The piece noted that “Brussels is working on a four-year financing plan for Ukraine worth tens of billions of euros as it seeks to put its support for the war-torn country on a more stable and predictable footing.”
• “The financing plan, which could entail fresh debt issuance by the commission, comes amid a review of the EU’s multiannual budget, which runs from 2021 to 2027 and has been heavily depleted by the war and associated refugee influx, as well as high inflation.”