The Minister for Finance Paschal Donohoe, who is President of the Eurogroup, is holding meetings in Estonia today and in Finland tomorrow to discuss the financial and economic impact of the Russian invasion of Ukraine.

Mr Donohoe said these dark times only underscored the importance of diplomacy, solidarity, and unity.

The Minister is due to meet with Estonia's Finance Minister Keit Pentus-Rosimannus, to discuss the current geo-political situation.

He also plans to discuss Eurogroup issues including the Economic Governance Review and Banking Union.

He will also meet with Madis Müller, President of the Central Bank of Estonia.

Minister Donohoe will also take part in a special ECOFIN meeting to discuss the economic and financial aspects of the situation in Ukraine.

Tomorrow, Paschal Donohoe will travel to Helsinki to meet with Finland's Finance Minister Annika Saarikko. He will also have a meeting with Matti Vanhanen, Speaker of the Parliament of Finland and is due to meet with Dr Olli Rehn, Governor of the Central Bank of Finland.

"We are taking action to respond decisively to the exceptional and egregious Russian invasion of Ukraine," Mr Donohoe said.

"Nonetheless, we must also continue our work on the policy issues that form the foundations of our Union. I am pleased to be able to travel in person to meet with my Eurogroup colleagues in their capital cities, to discuss these issues," he said.

"We will continue our work to strengthen and deepen our Economic and Monetary Union," he added.