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
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    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.

    1. Home
    2. >Headlines
    3. >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

    Add as preferred source on Google
    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 Cricket-Bairstow joins Livingstone in criticising level of care in England set-up
    Cricket-Bairstow Joins Livingstone in Criticising Level of Care in England Set-Up
    Image for Mullally to be installed as first female Archbishop of Canterbury
    Mullally to Be Installed as First Female Archbishop of Canterbury
    Image for Cyprus seeks new security deal for UK bases, Telegraph reports
    Cyprus Seeks New Security Deal for UK Bases, Telegraph Reports
    Image for British army veteran completes record 100km Land Rover pull
    British Army Veteran Completes Record 100km Land Rover Pull
    Image for Pope Leo laments that Iran war 'getting worse and worse'
    Pope Leo Laments That Iran War 'getting Worse and Worse'
    Image for Denmark's left-wing bloc leads election but lacks majority, exit polls show
    Denmark's Left-Wing Bloc Leads Election but Lacks Majority, Exit Polls Show
    Image for Moldovan parliament backs energy state of emergency after power line put out of action
    Moldovan Parliament Backs Energy State of Emergency After Power Line Put Out of Action
    Image for US expected to send thousands more soldiers to Middle East, sources say
    US Expected to Send Thousands More Soldiers to Middle East, Sources Say
    Image for Brazil court places Bolsonaro under house arrest on health grounds
    Brazil Court Places Bolsonaro Under House Arrest on Health Grounds
    Image for Analysis-Gulf warnings and fears of miscalculation preceded Trump’s pause in Iran showdown
    Analysis-Gulf Warnings and Fears of Miscalculation Preceded Trump’s Pause in Iran Showdown
    Image for Italian justice undersecretary quits over mafia-linked restaurant scandal
    Italian Justice Undersecretary Quits Over Mafia-Linked Restaurant Scandal
    Image for One killed, 13 injured in Ukrainian drone attack in Russia's Kursk region, governor says
    One Killed, 13 Injured in Ukrainian Drone Attack in Russia's Kursk Region, Governor Says
    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