Economic and Financial Affairs Council, 24 May 2022

Summary:

A meeting of the Economic and Financial Affairs Council (ECOFIN) was held on 24 May 2022. The agenda includes the following items:

• Exchange of views on the economic and financial aspects of Russia's invasion of Ukraine;
• Update on the implementation of the Recovery and Resilience Facility (RRF), following a presentation by the European Commission;
• Presentation by the European Commission of its REPowerEU plan;
• Adoption of the Council's position on a proposed review of the Regulation on European Long-Term Investment Funds (ELTIFs);
• Update by the Council Presidency on legislative initiatives in the field of financial services;
• Briefing on the results of the G20 meeting of finance ministers and central bank governors;
• Presentation by the European Commission on the recommendation of its Group of Wise Persons on challenges facing the Customs Union;
• Adoption of proposed Regulation amending the Europol Regulation;
• Adoption of proposed Regulation allowing for temporary trade liberalisation and other trade concessions with regard to certain Ukrainian products.

Official

General Secretariat of the Council: Background Brief for the Meeting - Economic and Financial Affairs Council, 24 May 2022 https://www.consilium.europa.eu/media/56335/background-note-ecofin-220524.pdf

European Commission: Remarks by Executive Vice-President Dombrovskis at the ECOFIN press conference (24 May 2022) https://ec.europa.eu/commission/presscorner/detail/en/speech_22_3293

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