The European Parliament has finally approved the EU budget for 2021-2027 at 1.1 trillion euros with an additional 15 billion euros for the bloc’s key programs. This was reported on the website of the European Parliament.
Thus, the parliament gave its consent to the next multiannual financial program (MFF) so that citizens could receive EU financial support right from the beginning of next year.
548 MEPs voted in the document’s favour, 81 opposed, and 66 abstained.
It was decided to supplement the budget with 15 billion for key EU programs in order to “better protect citizens from the COVID-19 pandemic, provide opportunities to the next generation, and preserve European values.”
As we reported earlier, on December 10, leaders of the EU member countries reached a consensus on the extension of the economic sanctions against Russia because of the Kremlin's part in the ongoing hostilities in eastern Ukraine.
The sanctions foresee restricted access to markets of EU assets, the ban on exports and imports of weapons, the ban of export of dual-use products, as well as restricted assess to strategically important technologies and services that can be used during production and extraction of oil.