European Central Bank

National Bank of Ukraine puts new 2,000-hryvnia banknote into circulation

The National Bank of Ukraine introduced a new 2,000-hryvnia banknote, the country’s highest denomination, featuring Ukrainian dissident poet Vasyl Stus on Sept. 4.

4 September, 11:52 AM

ECB lowers GDP outlook and raises inflation projections for eurozone

The European Central Bank (ECB) lowered its eurozone economic growth forecasts for 2026 and 2027 while raising its inflation outlook, citing the growing impact of the war in the Middle East on energy markets and consumer confidence.

12 June, 11:47 AM

ECB sees two scenarios as Iran war raises stagflation risks — Boris Vujčić

European Central Bank Governing Council member Boris Vujčić said the ECB must remain “very flexible and vigilant” to curb rising prices as war with Iran heightens the risk of stagflation on March 24.

24 March, 11:35 AM

EU will not release frozen Russian assets until reparations are paid to Ukraine – Kaja Kallas

The European Union will not release frozen Russian assets until Moscow pays full reparations to Ukraine for the damage caused by its aggression, the EU’s top diplomat Kaja Kallas said on X on Dec. 13.

13 December 2025, 12:57 PM

Orbán calls EU vote on frozen Russian assets illegal, files formal protest

Hungarian Prime Minister Viktor Orbán condemned the European Union’s decision to indefinitely extend the freeze on Russian assets by qualified majority vote as illegal and harmful to the bloc, and said Budapest formally protested the move in a Facebook post on Dec. 12.

12 December 2025, 05:24 PM

ECB refuses to guarantee €140B reparations loan for Ukraine backed by Russian assets

The European Central Bank has declined to act as a “lender of last resort” in a proposed scheme to provide Ukraine with a €140 billion (about $150 billion) reparations loan backed by frozen Russian assets, the Financial Times reported on Dec. 2.

2 December 2025, 01:22 PM

G7 eyes frozen Russian assets to finance Ukraine

Germany, France, and Italy have urged the United States and Japan to join a European initiative to tap frozen Russian assets to support Ukraine, Politico reported on Oct. 2.

2 October 2025, 12:14 PM

Euros rise due to Trump tariffs, straining Europe's economy

The sharp rise in the euro following U.S. President Donald Trump's announcement of higher trade tariffs is beginning to strain the eurozone economy, with the stronger currency expected to further cut European companies' revenues by several percentage points, Reuters reports on April 28.

28 April 2025, 03:48 PM

Russian clients lose access to foreign currency transfers at Raiffeisenbank

Raiffeisenbank, the largest foreign bank still operating in Russia, will stop processing outgoing foreign currency transfers for individual clients starting Sept. 2, Frank RG reported on Aug. 14.

15 August 2024, 02:21 PM

European Central Bank