![Establishing the Ukraine Facility: Financing Ukraine’s recovery and its path to EU accession [EU Legislation in Progress]](https://i0.wp.com/epthinktank.eu/wp-content/uploads/2023/10/EPRS-Briefing-753954-Establishing-Ukraine-Facility-FINAL.png?fit=1000%2C666&ssl=1)
Written by Marianna Pari and Tim Peters (2nd edition, updated on 21.11.2023).
The Ukraine Facility is designed to support Ukraine, its recovery and its path to EU accession, allocating up to €50 billion for 2024 to 2027. The Facility will: provide Ukraine with direct financial support in the form of grants and loans (‘Pillar I’); mobilise private investment in Ukraine by providing guarantees and blended finance (‘Pillar II’); and finance assistance and capacity-building programmes for Ukraine’s central, regional and municipal tiers of government and civil society to help them achieve the EU acquis and standards (‘Pillar III’).
The proposal is subject to the ordinary legislative procedure, and in Parliament the file was allocated to the Committees on Foreign Affairs and on Budgets under the joint committee procedure. Following swift consideration by the committees, Parliament adopted its negotiating position in a plenary vote on 16 October 2023. Trilogue negotiations can start as soon as the Council agrees upon its position.
Versions
- November 2023: Establishing the Ukraine Facility: Financing Ukraine’s recovery and its path to EU accession (2nd edition)
| Proposal for a regulation of the European Parliament and of the Council on establishing the Ukraine Facility | ||
| Committee responsible: | Foreign Affairs (AFET) and Budgets (BUDG) jointly under Rule 58 | COM(2023) 338 20.6.2023 |
| Co-rapporteurs: | Michael Gahler (EPP, Germany) Eider Gardiazabal Rubial (S&D, Spain) | 2023/0200(COD) |
| Shadow rapporteurs: | Petri Savaarma (EPP, Finland) Włodzimierz Cimoszewicz (S&D, Poland) Petras Auštrevičius (Renew, Lithuania) Vlad Gheorghe (Renew, Romania) Damian Boeselager (Greens/EFA, Germany) Viola von Cramon-Taubadel (Greens/EFA, Germany) Bogdan Rzońca (ECR, Poland) Witold Jan Waszczykowski (ECR, Poland) Dimitrios Papadimoulis (The Left, Greece) Mick Wallace (The Left, Ireland) | Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’) |
| Next steps expected: | Trilogue negotiations | |
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