‘Although its powers are limited, the Commission and Parliament are increasingly incorporating housing into cohesion policy and future MFF planning and are seeking new policy instruments. The goal is to ensure affordable, sustainable, and secure housing.’

The agreement is not just a matter for Ukraine and the US. There is a geopolitical realignment of the world’s raw materials markets, in which Europe’s interests are strongly involved. If US companies are, in practice, given priority access to Ukrainian raw materials, this could limit the EU’s room for manoeuvre at a time when the speed of the green transition will determine future competitiveness.