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Russia’s attack on Ukraine

We stand with the people of Ukraine

The Russian invasion of Ukraine is a watershed moment for Europe. The Governing Council has expressed its full support for the people of Ukraine. 

We will implement the sanctions decided on by the EU and European governments, and we stand ready to take whatever action is needed to ensure price and financial stability in the euro area. 

Monetary policy in light of the war in Ukraine 

Every six weeks the Governing Council takes its monetary policy decisions, which are then presented by the President and Vice-President at a press conference.

Press conferences

How is the war affecting our economy?

The outlook for euro area economic growth and inflation has become very uncertain due to the war in Ukraine. 

Our macroeconomic projections are published quarterly and feed into our monetary policy decisions.

Macroeconomic projections

Charity campaign for Ukraine

Join the ECB and other central banks across the euro area in helping the people of Ukraine in these dark times for Europe. Read the press release to find out how to support and donate to the charity campaign.

Press release

Would you like to know more?

We are working to help you. Please get in touch if you have any questions.