Since the adoption of Regulation (EU) 2021/1755 of the European Parliament and of the Council, unprecedented geopolitical events have occurred, triggered by Russia’s war of aggression against Ukraine, the ensuing energy crisis and the related spike in inflation and interest rates. Those geopolitical and economic developments have brought new emergencies which should be addressed in order to deliver on the Union’s shared priorities and needs. Taking into account the near exhaustion of the limited budgetary flexibilities and the limits reached by redeployment possibilities, the multiannual financial framework established by Council Regulation (EU, Euratom) 2020/2093 had to be reinforced for the years 2024 to 2027 in order to provide for the funding most essentially needed to respond to urgent and common challenges.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
