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The Ukraine Facility supports Ukraine, its recovery and its path to EU accession, allocating up to €50 billion for 2024 to 2027. Regulation (EU) 2024/792 establishing the Ukraine Facility was adopted by the European Parliament and the Council in February 2024. The EU budget is supposed to finance the Facility's €17 billion in grants and guarantee its €33 billion in loans. Additional financing is expected to come from frozen Russian assets. In the negotiations with the Council, the European Parliament ...

This paper provides a snapshot of multilateral financial assistance provided to Ukraine since the start of the Russian invasion in February 2022 by the European Union and its bodies (European Investment Bank), international financial institutions (International Monetary Fund, World Bank Group, and European Bank for Reconstruction and Development) and groups of bilateral creditors (“The Group of Creditors of Ukraine”). The paper aims to increase understanding and support scrutiny of international ...

Despite predictions of a long and inconclusive meeting, EU leaders achieved a historic and highly symbolic agreement to open accession negotiations with Ukraine and Moldova, grant candidate status to Georgia, and open accession negotiations with Bosnia and Herzegovina, once the latter complies fully with the membership criteria. Even if the European Council did not finalise discussions on the revision of the multiannual financial framework – which includes, inter alia, an aid package for Ukraine ...

The geopolitical dimension of enlargement policy became more pronounced in 2022, when Ukraine, Moldova and Georgia asked to join the EU. Since then, fresh geopolitical challenges have accelerated the need to reform enlargement policy and cemented a shift towards the merit-based integration of new countries. Geopolitical considerations include security and defence and also foreign policy alignment, for instance in terms of relations with strategic competitors, such as China and Russia. Enlargement ...

On 2 March 2023, Ukraine sent a request for assistance to the EU for the supply of 155 mm-calibre artillery rounds. On 20 March, the Council agreed on a three-track proposal on ammunition (delivery from existing stocks; joint procurement from industry; increasing production). Its main aim is to provide one million rounds of artillery ammunition for Ukraine up to March 2024. It is unclear whether Member States and industry will be able to deliver on time. To date, 300 000 rounds of ammunition have ...

Ukraine’s military has focused in recent weeks on repelling Russian assaults across several, geographically distinct, sectors of the front, while trying to make some gains in the eastern and southern occupied territories, and on rebuffing the sentiment that its counter-offensive has stalled. More than 20 months after its eastern neighbour launched the full-scale invasion, the possibility of a battlefield stalemate is highly sensitive in Kyiv. Ukraine has repeatedly voiced opposition against any negotiations ...

During the October II plenary session, Members debated with the Council and Commission the despicable terrorist attacks by Hamas against Israel, Israel's right to defend itself in line with humanitarian and international law, and the humanitarian situation in Gaza. Another important debate followed the Commission's statement on its work programme for 2024. Members also debated a range of other topics, including the effectiveness of the EU sanctions on Russia, the situation of Ukrainian women refugees ...

Establishing the Ukraine Facility

Oversigt 11-10-2023

The Ukraine Facility has been designed to support Ukraine, its recovery and its path to EU accession, with up to €50 billion for the period from 2024 to 2027. The Commission has proposed a draft regulation, on which the Committees on Budgets (BUDG) and Foreign Affairs (AFET) jointly adopted a report on 5 October 2023. A partial vote is envisaged in the October II plenary, setting a mandate for subsequent trilogue negotiations. To finance the Facility, a revision of the multiannual financial framework ...

Outraged by Russia's illegal and unprovoked full-scale invasion of Ukraine in February 2022, the European Union swiftly adopted unprecedentedly tough sanctions, in close cooperation with partners including the United States, the United Kingdom, Canada, Australia and Japan. The rapid succession of 11 packages of EU sanctions adopted since then, in what has already been labelled a 'sanctions revolution', have resulted in an unparalleled set of measures targeting key sectors of the Russian economy and ...

On 20 June 2023, the Commission made a proposal for a revision of the EU's long-term budget, to urgently address shortcomings and provide further financial support to Ukraine. Overall, the Committee on Budgets (BUDG) supports the revision in its interim report, pending the formal request from the Council, which has yet to agree its position, for consent to the revision. But BUDG says that an additional €10 billion, on top of the €65.8 billion proposed by the Commission, is needed to address the challenges ...