Finance ministers to discuss Russia’s invasion of Ukraine and the related economic impact

NordenBladet — Minister of Finance Annika Saarikko will represent Finland in the meeting of EU and euro area finance ministers on 14–15 March.The finance ministers will discuss Russia’s invasion of Ukraine and the related economic impact. 
The Economic and Financial Affairs Council will discuss the proposal for a Council directive on ensuring a global minimum level of taxation for multinational groups in the Union. The second major item on the agenda is the proposal for the EU’s Carbon Border Adjustment Mechanism (CBAM). One of the key objectives of the French Presidency of the Council of Europe is to move both proposals forward.The CBAM is part of the package presented by the European Commission last July to implement the European Green Deal and to transform the EU’s economy to achieve its climate objectives. The CBAM is intended to prevent carbon leakage, i.e. the transfer of production to countries with more lax environmental standards in situations where the EU intends to intensify its climate measures.  
The finance ministers will also discuss reforming economic policy coordination.Eurogroup to discuss next year’s fiscal policyThe Eurogroup will meet on Monday 14 July. The agenda includes fiscal policy guidance for 2023 from the perspective of the euro area and the presentation of Greece’s enhanced surveillance report. An extended composition consisting of the ministers of all EU Member states will discuss the progress of the banking union and the preparations for the Euro Summit in March.