Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > EU to give Radio Free Europe 5.5 million euros after Trump funding freeze
    Headlines

    EU to give Radio Free Europe 5.5 million euros after Trump funding freeze

    Published by Global Banking & Finance Review®

    Posted on May 20, 2025

    2 min read

    Last updated: January 23, 2026

    A large crowd of protesters in London rallies against the ban of Palestine Action, holding flags and placards. This image captures the tension during the protest where over 466 individuals were arrested by police, highlighting the ongoing conflict surrounding Palestine Action and its implications.
    Protesters gather in London against the ban of Palestine Action - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Government fundingfinancial assistance

    Quick Summary

    The EU pledges 5.5 million euros to Radio Free Europe after US funding cuts, ensuring continued independent journalism in Eastern Europe.

    EU Allocates 5.5 Million Euros to Support Radio Free Europe Amid US Funding Cuts

    BRUSSELS (Reuters) -The European Union will donate 5.5 million euros ($6.2 million) to support Radio Free Europe following a freeze on U.S. federal grants to the media outlet by the Trump administration, EU foreign policy chief Kaja Kallas said on Tuesday.

    WHY IT MATTERS

    The financial pledge comes after Trump ordered the termination of grants in March as part of sweeping efforts to downsize the U.S. government. Critics said the move could devastate a rare source of reliable news in authoritarian countries.

    A U.S. District Court judge placed a temporary pause on the termination order but a federal appeals court this month blocked the ruling.

    QUOTES

    "In a time of growing unfiltered content, independent journalism is more important than ever," Kallas told reporters after a meeting of EU foreign ministers in Brussels.

    "This will support the vital work of Radio Free Europe," she said, describing the move as "short-term emergency funding" to provide a "safety net" for independent journalism.

    Radio Free Europe was not immediately available for comment.

    CONTEXT

    Radio Free Europe/Radio Liberty was set up during the Cold War to reach people in communist-run states. The Prague-based outlet still broadcasts to countries in Eastern Europe, including Russia and Ukraine.

    The Czech Republic, as the media outlet's host country, has been pushing for Europe to find funds to keep it going.

    "Our aim is to keep the mission, and the mission is providing free and fair information to societies in Russia, Belarus, Iran,” Czech Foreign Minister Jan Lipavsky told Reuters after the ministers’ meeting.

    Sweden said earlier this month it would donate 20 million crowns ($2.07 million) to Radio Free Europe/Radio Liberty, saying the U.S. decision meant people in many countries risked losing access to free media.

    ($1 = 0.8868 euros)

    ($1 = 9.6523 Swedish crowns)

    (Reporting by Andrew Gray and Lili Bayer; editing by Edward Tobin)

    Key Takeaways

    • •EU pledges 5.5 million euros to Radio Free Europe.
    • •US federal grants to the media outlet were frozen by Trump.
    • •The funding aims to support independent journalism.
    • •Radio Free Europe broadcasts to Eastern Europe and beyond.
    • •Sweden also contributes to support the media outlet.

    Frequently Asked Questions about EU to give Radio Free Europe 5.5 million euros after Trump funding freeze

    1Why is the EU providing funding to Radio Free Europe?

    The EU is donating 5.5 million euros to support Radio Free Europe after the Trump administration froze U.S. federal grants to the media outlet, which is crucial for independent journalism.

    2What was the reaction to the U.S. funding freeze?

    Critics argued that the funding freeze could devastate a rare source of reliable news in regions where independent journalism is vital.

    3What did Czech officials say about the funding?

    Czech Foreign Minister Jan Lipavsky emphasized the aim to maintain the mission of providing free and fair information to societies in Russia, Belarus, and Iran.

    4How much did Sweden contribute to Radio Free Europe?

    Sweden announced a donation of 20 million crowns, approximately $2.07 million, to support Radio Free Europe/Radio Liberty in light of the U.S. funding cuts.

    5What is the historical significance of Radio Free Europe?

    Radio Free Europe was established during the Cold War to reach audiences in communist-run states, and it continues to broadcast to countries in Eastern Europe.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Olympics-Italy's president takes the tram in video tribute to Milan transport
    Olympics-Italy's president takes the tram in video tribute to Milan transport
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Image for Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Image for UK police search properties in probe into Mandelson over Epstein ties
    UK police search properties in probe into Mandelson over Epstein ties
    View All Headlines Posts
    Previous Headlines PostUAE agrees with Israel to allow delivery of urgent aid to Gaza, WAM reports
    Next Headlines PostTrading Day: Japan's long bond warning