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1 New EU laws ·decision 1 of 6 on Tuesday, 22 October 2024

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

Committee report by Karin Karlsbro · · voted at 13:06

Parliament’s position on proposed laws. It usually needs to agree with the Council before a law is final.

Adopted by an overwhelming majority 518 for · 56 against · 61 abstained (82 % in favour) Foreign affairsUkraine & Russia

What Parliament decided

Adopted Passed by an overwhelming majority

Parliament adopted its position on the law.

For 518 Against 56 Abstained 61

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

Who backed it
  • The Left ✓
  • Verts/ALE ✓
  • S&D ✓
  • Renew ✓
  • PPE ✓
  • ECR ✓
  • PfE –
  • ESN ✗
  • NI ✗

Backed by The Left, Verts/ALE, S&D, Renew, PPE and ECR; opposed by ESN; PfE mostly abstained.

✦ What this vote decides · AI summary, based on the text voted on

The proposal establishes the Ukraine Loan Cooperation Mechanism to help Ukraine repay loans of up to €45 billion using windfall profits from frozen Russian assets. Parliament adopted its position at first reading, taking over the Commission proposal, which means the law can proceed to final approval. Parliament calls on the Commission to refer the matter back if it substantially amends the proposal, and instructs its President to forward the position to the Council and national parliaments.

Part of the sitting of Tuesday, 22 October 2024. The vote was taken on Report A-10-2024-0006 in procedure 2024/0234.

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Codes in ballot labels

  • Am 27 — amendment 27
  • § 5 — paragraph 5
  • § 5/2, part 2 — a , taken in parts
  • Am 3= 7= — identical amendments voted together
  • ***I — ; *** — ; * —
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  • RC-B10-… — joint motion of several groups

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