Ursula von der Leyen

Money Moves

Leading EU response to Ukraine war

The European Union approved a €90 billion loan package for Ukraine on February 4, 2026—the largest single financial commitment in the bloc's history to a non-member state. Two-thirds of the money, €60 billion, will purchase weapons and ammunition; the remaining €30 billion covers government operations. Ukraine will only repay the loan if Russia agrees to war reparations, meaning the EU expects to carry this debt indefinitely.

Updated 2 days ago

Rule Changes

Leading EU sanctions coordination

Since late 2022, the Group of Seven and allies have capped Russia's seaborne crude price using dominance in shipping and insurance. In February 2026, the EU and UK reduced the cap to $44.10 per barrel while the US kept its own $60 ceiling.

Updated 3 days ago

Rule Changes

Led EU delegation at India-EU Summit

India and the European Union became strategic partners in 2004. At the 16th EU-India Summit on January 27, 2026, they signed a Security and Defence Partnership, making India the third Asian country (after Japan and South Korea) to gain formal access to European defence initiatives. They also concluded a historic free trade agreement (covering 2 billion people and a $27 trillion combined market) that enters force in 2027, giving Indian firms access to the EU's €150 billion SAFE rearmament programme.

Updated 6 days ago

Rule Changes

Announced €90B Ukraine loan, called for European independence

This year's World Economic Forum (the first in 55 years without founder Klaus Schwab) became an emergency diplomatic summit when Trump's tariff threats over Greenland drew record attendance from 60+ heads of state. By week's end, a NATO 'framework deal' had defused the immediate crisis, and Canadian PM Mark Carney declared to applause from European and middle-power leaders that the U.S.-led rules-based order is over.

Updated 7 days ago

Rule Changes

Survived fourth censure motion; stated Commission ready to provisionally implement deal

Negotiations between the EU and Mercosur began in 1999. Twenty-six years later, on January 17, 2026, representatives signed a comprehensive free trade agreement in Asunción, Paraguay—the same city where Mercosur itself was founded in 1991. The deal eliminates tariffs on more than 90% of bilateral trade and creates the world's largest free trade zone, covering over 700 million consumers and roughly a quarter of global GDP.

Updated May 21

Force in Play

Leading EU response to U.S. tariff threats and Greenland crisis

The United States has operated military bases in Greenland since 1941, under agreements with Denmark. On January 15, 2026, NATO allies deployed troops to the island to counter U.S. pressure after American-Danish talks collapsed. On January 17, President Trump announced 10% tariffs on eight European countries: Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden, and the United Kingdom. The tariffs will rise to 25% by June unless 'a deal is reached for the Complete and Total purchase of Greenland.' On January 20, Trump declared on Truth Social that 'there can be no going back' on Greenland, calling it 'imperative for National and World Security.' That same day, Denmark deployed its Army Chief, General Peter Boysen, alongside 58 additional troops to Greenland, bringing total Danish military presence to approximately 178 personnel for Operation Arctic Endurance.

Updated May 21

Rule Changes

Successfully concluded and announced EU-India FTA as chief guest at India's Republic Day 2026

After 19 years, 14 formal rounds, and a January sprint that defied skeptics, India and the European Union concluded their free trade agreement on January 26, 2026. EU leaders Ursula von der Leyen and António Costa, attending India's Republic Day as chief guests, jointly announced the deal with Prime Minister Narendra Modi on January 27.

Updated May 20

Rule Changes

Backing a ‘reparations loan’ structure tied to immobilised Russian reserves

Russia's central bank sued Euroclear in Moscow on December 12, seeking €193.7 billion in damages. Six days later the plan that triggered the lawsuit—using frozen reserves to back Ukraine loans—collapsed at the European Council. Belgium refused the legal risk; the EU pivoted to a €90 billion conventional loan backed by its own budget instead.

Updated May 15

Rule Changes

Negotiating ratification under deadline pressure

Trump and von der Leyen announced a US-EU trade framework at Turnberry, Scotland, in July 2025. The deal still isn't ratified, nearly ten months on. On May 8, Trump gave Brussels until July 4 to close it, threatening tariffs above the 25% levy already on European cars.

Updated May 11

Rule Changes

Architect of EU de-risking and trade defense push against China

In December 2025, French President Emmanuel Macron warned Europe might impose U.S.-style tariffs on Chinese goods if Beijing doesn't curb its ballooning trade surplus. In an interview after his state visit to China, Macron said the surplus is "killing" European customers and called it a "life or death" struggle for EU industry, especially autos and advanced manufacturing.

Updated May 10