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Adopted text

Establishing the Ukraine Facility

TA-9-2024-0083 · P9_TA(2024)0083 · PE751.825

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Parliament adopted its first-reading position on the proposed regulation establishing the Ukraine Facility, an exceptional medium-term instrument to support Ukraine. The Facility addresses Ukraine's financing gap, recovery, reconstruction and modernisation needs and supports its reform effort on its accession path to the Union. Parliament approved two joint statements annexed to the resolution: one on budget lines for the Facility's three pillars, and one on the Facility's exceptional nature. Parliament calls on the Commission to refer the matter to it again if it replaces, substantially amends or intends to substantially amend its proposal.

Key points

  1. Parliament adopts its position at first reading on the proposal for a regulation establishing the Ukraine Facility.
  2. Parliament and the Council invite the Commission to propose at least one budget line for Pillar I of the Facility.
  3. They invite the Commission to propose two budget lines under Pillar II, including for the provisioning of the Common Provisioning Fund for the Ukraine Guarantee established under Chapter IV of the Ukraine Facility Regulation.
  4. They invite the Commission to propose three budget lines under Pillar III for Union accession assistance and other measures, the borrowing costs subsidies and the provisioning of the Common Provisioning Fund – Legacy.
  5. They invite the Commission to propose a specific budget line for technical and administrative assistance expenditure for the implementation of the Facility.
  6. Parliament, the Council and the Commission share the view that the Ukraine Facility is an exceptional medium-term instrument of high geopolitical importance adapted to the uncertainty and unprecedented challenges of supporting a country at war with direct implications for the security of the Union.
  7. The Facility provides a balance between flexibility and programmability of the Union's response to address Ukraine's financing gap, recovery, reconstruction and modernisation needs, while supporting Ukraine's reform effort as part of its accession path to the Union.
  8. The objectives, financing and governance arrangements agreed for the Facility respond to the exceptional and specific context and challenges in relation to which it has been adopted.
  9. This solution for Ukraine should not be considered as a precedent for future instruments of economic assistance to third countries.
  10. Parliament approves the joint statement by Parliament and the Council on the appropriate budgetary nomenclature for the Ukraine Facility, to be published in the C series of the Official Journal.
  11. Parliament approves the joint statement by Parliament, the Council and the Commission relating to the exceptional nature of the Ukraine Facility, to be published in the C series of the Official Journal.
  12. Parliament calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal.

Who is affected

  • Ukraine: the Facility supports its financing gap, recovery, reconstruction, modernisation and reform effort on its accession path.
  • The Commission: invited to propose specific budget lines for the Facility's pillars and to refer the matter to Parliament again if it amends its proposal.
  • The Council: co-signs the joint statements on budget nomenclature and on the Facility's exceptional nature.
  • Future instruments of economic assistance to third countries: the Ukraine Facility solution should not be considered a precedent for them.

Legal basis: Article 294(2) and Articles 212 and 322(1) of the Treaty on the Functioning of the European Union