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Ordinary legislative procedure First reading

Establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine

A proposed EU law. Parliament and the Council must agree on the same text: Parliament adopts its position, then negotiates with the Council.

Where it stands: Completed: published in the Official Journal on 28 October 2024 and now EU law.

  1. ✓ Referred to committee 10 October 2024
  2. ✓ Committee work Report adopted 14 October 2024
  3. ✓ Tabled for plenary 15 October 2024
  4. ✓ Plenary vote Adopted 22 October 2024
  5. ✓ Negotiations with the Council
  6. ✓ Published as law 28 October 2024
How a file moves through Parliament

A file is referred to one lead committee (others may give an opinion). Its rapporteur writes a draft report, committee members table amendments, and the committee votes to adopt the report. The report is then tabled for all MEPs; political groups can table further amendments, which are voted on before the final vote in plenary. For a law, Parliament’s adopted text is its first-reading position; Parliament and the Council then negotiate a common text (trilogues) which both must approve before it is published as law.

Who is working on it

Lead committee
INTA — International Trade
Rapporteur
Karin KARLSBRO Renew
Shadow rapporteurs
Sandra KALNIETE PPERihards KOLS ECRMarkéta GREGOROVÁ Verts/ALEManon AUBRY The Left
For opinion
AFET — Foreign Affairs

The rapporteur drafts and negotiates the text for the lead committee; each other political group names a shadow rapporteur to follow the file.

The text, version by version

Adopted by Parliament · latest Adopted text TA10-0021/2024 22 October 2024 ✦ Parliament's amended version of the proposed regulation establishes the Ukraine Loan Cooperation Mechanism and provides exceptional macro-financial assistance to Ukraine.⇄ what changed Tabled for plenary Report A10-0006/2024 15 October 2024 ✦ Parliament's amended version of the proposed regulation establishes the Ukraine Loan Cooperation Mechanism and provides exceptional macro-financial assistance to Ukraine, using windfall profits from immobilized Russian assets to repay loans.

Committee opinions: Opinion (BUDG),Draft opinion (BUDG)

Newest version first. Open a version to read it in full. “What changed” shows the differences paragraph by paragraph; ✦ lines are AI-written from the texts themselves.

Timeline

  1. Outcome
  2. 28 October 2024 Published in the Official Journal

    The act is now EU law.

  3. 24 October 2024 Signed by the Presidents of Parliament and the Council

    The last step before the act is published in the Official Journal.

  4. Plenary stage
  5. 22 October 2024 Plenary vote
    Sitting of 22 October 2024 📄 Adopted text TA10-0021/2024📄 Report A10-0006/2024
    Adopted Adopted by an overwhelming majority
    For 518 Against 56 Abstained 61

    Final vote at 13:06 · 82% of votes cast in favour · every MEP’s position →

  6. 22 October 2024 Debated in plenary

    MEPs debated the text in the chamber ahead of the vote.

    Sitting of 22 October 2024 📄 Council / Commission text C10-0106/2024📄 Report A10-0006/2024
  7. 15 October 2024 Report tabled for plenary

    This is the text all MEPs vote on. Political groups can still table amendments to it.

    📄 Report A10-0006/2024
  8. Committee stage
  9. 14 October 2024 Committee vote: report adopted

    INTA (International Trade) voted on the amendments and adopted the report that goes to plenary.

  10. 10 October 2024 Referred to the INTA (International Trade) committee

    The lead committee prepares the report; AFET (Foreign Affairs) gives an opinion.

  11. 7 October 2024 BUDG (Budgets) adopted its opinion

    The opinion is attached to the report for the lead committee to consider.

    📄 Opinion (BUDG)
  12. 1 October 2024 Draft opinion from BUDG (Budgets)

    An associated committee gives its view to the lead committee.

    📄 Draft opinion (BUDG)