EU Response to the Social and Economic Impacts of the War in Ukraine

Summary

The European Parliament proposes a dual strategy of economic relief for businesses and social support for citizens to combat the inflation and energy crises caused by the war in Ukraine.
9 19.05.2022
Other
energy
economy
refugee
taxation
environment
human rights
social policy
business and competition
public finance and budget policy
agriculture, forestry and fisheries

Key points

  • Diversifying energy sources and investing in renewable infrastructure to end dependence on Russian fossil fuels.
  • Creating a social resilience package to protect low-income households from rising living costs and poverty.
  • Providing economic relief for businesses, especially small and medium-sized enterprises, through flexible aid rules.
  • Ensuring food security by addressing the impact of rising production and fertilizer costs on the agricultural sector.
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