Fittex

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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 ...

Russia's brutal war of aggression against Ukraine may not be taking place geographically in the Arctic, but it has already had a plethora of impacts on the circumpolar north, the repercussions of which are likely to spread well beyond the region. First, the war has negatively affected cooperation, as activities with Russia in the framework of regional forums such as the Arctic Council (AC), the Barents Euro-Atlantic Council (BEAC), the Council of the Baltic Sea States (CBSS) and the Northern Dimension ...

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 ...

The last regular European Council meeting in 2023, on 14 and 15 December, promises to be a very challenging one. All the salient topics of 2023 – notably the war in Ukraine, enlargement, revision of the EU's multiannual financial framework (MFF) and the conflict in the Middle East – are on the agenda; and on many of these, EU leaders are divided. Whereas the conclusions on the war in Ukraine and the conflict in the Middle East will reiterate previous positions, the European Council will focus on ...

Over 20 months after the start of Russia's war of aggression against Ukraine, the European Union has so far earmarked €12 billion (in current prices) from the European Peace Facility (EPF), itself funded by the Member States, in military aid for Ukraine. Set up before the launch of Russia's war on Ukraine, the EPF was initially intended to finance military assistance worldwide, with a particular focus on Africa. The EU has directed EPF-funded support to partner countries' armies, to military components ...

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 ...

This briefing will give a brief overview of the EU-Russia sanctions framework, before discussing existing EU tools for protecting its financial interests, access to beneficial ownership data and EU initiatives to ensure sanctions enforcement. It serves as background information for the CONT Committee workshop of 6 November 2023 on ‘Preventing EU funds from reaching sanctioned individuals or entities’.

Establishing the Ukraine Facility

Mad-Daqqa t’Għajn 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 ...

EU leaders met on 5 and 6 October 2023 in Granada for an informal meeting of the European Council, preceded by a meeting of the European Political Community (EPC). On 5 October, leaders at the EPC issued messages of unity in support of Ukraine in the wake of Russia's war against it. On other topics, such as facilitating peace between Armenia and Azerbaijan, the EPC made little headway. At their informal meeting on 6 October, EU leaders adopted the Granada Declaration, taking stock of progress made ...