Legal provisions of COM(2024)172 - Approval of the assessment of the Ukraine Plan - Main contents
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This page contains a limited version of this dossier in the EU Monitor.
| dossier | COM(2024)172 - Approval of the assessment of the Ukraine Plan. |
|---|---|
| document | COM(2024)172  |
| date | May 14, 2024 |
Article 1
Approval of the assessment of the Ukraine Plan
The Commission assessment of the Ukraine Plan, on the basis of the criteria set out in Article 18 of Regulation (EU) 2024/792, is approved. The reforms and investment projects described in the Ukraine Plan, the arrangements and timetable for monitoring and implementing the Ukraine Plan, including the qualitative and quantitative steps, and the arrangements for providing the Commission, OLAF, the European Court of Auditors, and, where applicable, the European Public Prosecutor’s Office with full access to the underlying documents and data are set out in the Annex to this Decision.
Article 2
Financial contribution
1. The Union shall make available to Ukraine a financial contribution in the form of non-repayable support amounting to EUR 5 270 000 000.
2. The Union financial contribution shall be made available by the Commission to Ukraine in instalments in accordance with the Annex to this Decision.
3. The release of instalments in accordance with the Framework Agreement and Financing Agreement concluded pursuant to Articles 9 and 10, respectively, of Regulation (EU) 2024/792 shall be conditional on available budget appropriations and a decision of the Council, in accordance with Article 26 of that Regulation, that Ukraine has satisfactorily fulfilled the relevant qualitative and quantitative steps identified in relation to the implementation of the Ukraine Plan following a positive assessment by the Commission. Payments to Ukraine shall be conditional upon the completion of the qualitative and quantitative steps as set out in the Annex to this Decision. The final qualitative and quantitative steps shall be completed by 31 December 2027.
Article 3
Loan support
1. The Union shall make available to Ukraine a loan amounting to a maximum of EUR 27 000 000 000.
2. The loan support referred to in paragraph 1 shall be made available by the Commission to Ukraine in instalments in accordance with the Annex to this Decision. An amount of EUR 1 890 000 000 shall be made available as a pre-financing payment, equal to 7 % of the loan support, in accordance with Article 24 of Regulation (EU) 2024/792. The pre-financing and instalments may be disbursed by the Commission in one or several tranches. The size of those tranches shall be subject to the availability of funding.
3. The pre-financing referred to in paragraph 2 shall be released subject to the entry into force of and in accordance with the Framework Agreement concluded pursuant to Article 9 of Regulation (EU) 2024/792 and the loan agreement entered into pursuant to Article 22 of that Regulation. Pre-financing shall be cleared by being proportionally deducted against payment of the instalments.
4. The release of instalments in accordance with the Framework Agreement and the loan agreement referred to in paragraph 3 of this Article shall be conditional on available funding and a decision of the Council, in accordance with Article 26 of Regulation (EU) 2024/792, that Ukraine has satisfactorily fulfilled the relevant qualitative and quantitative steps identified in relation to the implementation of the Ukraine Plan following a positive assessment by the Commission. Payments to Ukraine shall be conditional upon the completion of the qualitative and quantitative steps as set out in the Annex to this Decision. The final qualitative and quantitative steps shall be completed by 31 December 2027.
Article 4
Entry into force
This Decision shall enter into force on the date of its adoption.