Annexes to COM(2024)426 - - Main contents
Please note
This page contains a limited version of this dossier in the EU Monitor.
| dossier | COM(2024)426 - . |
|---|---|
| document | COM(2024)426 |
| date | September 20, 2024 |
The MFA loan will be conditional on the fulfilment of the precondition as well as policy conditions, listed in a Memorandum of Understanding (MoU) between the Commission and the authorities of Ukraine. The assistance will consist of one instalment, which may be disbursed in several tranches.
The MFA assistance will be managed by the Commission. Specific provisions on the prevention of fraud and other irregularities, consistent with the Financial Regulation, are applicable, including the relevant provisions on ensuring the Union’s financial interest as laid down in the Framework Agreement under Regulation (EU) 2024/792. The Commission and the Ukrainian authorities would agree on the MoU setting out reporting requirements. The Commission will work closely with the international financial institutions and the national authorities, as well as third countries participating the Ukraine Multi-Donor Coordination Platform, to coordinate priorities and the conditionality of their respective support and to monitor relevant developments and the application of the requirements and conditions as agreed in the MoU.
1.5.2 Added value of Union involvement (it may result from different factors, e.g. coordination gains, legal certainty, greater effectiveness or complementarities). For the purposes of this point 'added value of Union involvement' is the value resulting from Union intervention which is additional to the value that would have been otherwise created by Member States alone.
This proposal responds to the need for a common response in providing support to Ukraine on an adequate scale, which cannot be sufficiently achieved by the Member States alone and can be better achieved by the EU. The main reasons are the fiscal capacity and budgetary constraints faced at the national level and the need for strong donor coordination in order to maximise the scale and effectiveness of the support, while limiting the burden on the administrative capacity of Ukrainian authorities, which is very stretched in the current circumstances.
The initiative is part of the EU’s objective to provide short term liquidity support to Ukraine. It also reinforces actions by the Union for direct humanitarian, economic and defence support, as well as the Union’s initiatives to coordinate multilateral actions.
The key added value of the Ukraine Loan Cooperation Mechanism, compared to other Union instruments, is to assist Ukraine to repay the MFA loan and eligible bilateral loans provided to support Ukraine. In doing so, it answers the call from the European Council in conclusions from 27 June 2024 to take work forward while addressing all relevant legal and financial aspects, in order to provide additional funding for Ukraine by the end of the year in the form of loans serviced and repaid by future flows of the extraordinary revenues.
The key added value of the MFA loans in comparison to other EU instruments is to swiftly alleviate the external financial constraints and to help ensure a continued stable macro-financial framework, including by promoting a sustained and sustainable balance of payments and budgetary situation, within an appropriate framework for reporting requirements.
1.5.3 Lessons learned from similar experiences in the past
Macro-financial assistance operations are subject to ex-post evaluation. Past ex-post evaluations of previous MFA operations to Ukraine have shown that in general they were highly relevant in terms of its objectives, budget and policy objectives. They proved crucial to support Ukraine in addressing its balance-of-payment problems and implementing key structural reforms to stabilise the economy and enhance the sustainability of its external position. They allowed for fiscal savings and financial benefits, as well as acted as a catalyst for additional financial support and investor confidence.
Given the innovative nature of the Ukraine Loan Cooperation Mechanism, no lessons learned could be identified. 1.5.4 Compatibility with the Multiannual Financial Framework and possible synergies with other appropriate instruments
The proposal is compatible with the ceilings of the 2021-2027 multiannual financial framework (MFF).
The Ukraine Loan Cooperation Mechanism will be financed by external assigned revenue.
The MFA support in the form of loans will be available until 31 December 2024, with the disbursements of tranches taking place by 31 December 2025. The resources for the MFA loan will be financed by borrowing.
In considering the financial risks and the budgetary coverage, no provisioning should be constituted for the support in the form of loans under this Regulation, to be guaranteed over and above the ceilings, and, by way of derogation from Article 211(1) of Regulation (EU, Euratom) 2018/1046, no provisioning rate should be set.
1.5.5 Assessment of the different available financing options, including scope for redeployment
By using loans, this MFA operation increases the effectiveness of the EU budget through the leverage effect and provides for the best cost-efficient option. The Commission is empowered to borrow funds from capital markets on behalf of both the European Union and Euratom using the guarantee of the EU budget. The aim is to obtain funds from the market at the best available rates due to the top credit status.
Further pressure on a strained EU budget due to provisioning requirements and complex arrangements, involving a multitude of ad hoc national guarantees, should be avoided. Therefore, the MFA loan will be guaranteed over and above the MFF ceilings. A unified and efficient system to secure the best borrowing conditions and extend market access for loan support has major advantages in the current market context.
1.6 Duration and financial impact of the proposal/initiative
limited duration
in effect from YYYY to YYYY;
Financial impact from YYYY to YYYY for commitment appropriations and from YYYY to YYYY for payment appropriations.
unlimited duration
Implementation with a start-up period from 01/10/2024 to 30/06/2025,
followed by full-scale operation.
1.7 Management mode(s) planned29
Direct management by the Commission
by its departments, including by its staff in the Union delegations;
by the executive agencies
Shared management with the Member States
Indirect management by entrusting budget implementation tasks to:
third countries or the bodies they have designated;
international organisations and their agencies (to be specified);
the EIB and the European Investment Fund;
bodies referred to in Articles 70 and 71 of the Financial Regulation;
public law bodies;
bodies governed by private law with a public service mission to the extent that they are provided with adequate financial guarantees;
bodies governed by the private law of a Member State that are entrusted with the implementation of a public-private partnership and that are provided with adequate financial guarantees;
persons entrusted with the implementation of specific actions in the CFSP pursuant to Title V of the TEU, and identified in the relevant basic act.
If more than one management mode is indicated, please provide details in the ‘Comments’ section.
Comments
N/A
2. MANAGEMENT MEASURES
2.1 Monitoring and reporting rules
Specify frequency and conditions.
The monitoring and reporting obligations under the Regulation (EU, Euratom) 2018/1046 apply.
The monitoring of the action by the Commission services will take place on the basis of the specific measures to be agreed with the Ukrainian authorities in a Memorandum of Understanding (MoU).
The MoU will include policy conditions that should be consistent with the qualitative and quantitative steps contained in the Annex to the Council Implementing Decision (EU) 2024/1447 on the approval of the assessment of the Ukraine Plan, and any amendments thereof.
The Commission will verify the fulfilment of the policy conditions set out in the MoU. The Commission will inform the European Parliament and the Council about the results of that verification.
By 30 June of each year, the Commission will submit to the European Parliament and to the Council a report on the implementation of this Regulation in the preceding year, including an evaluation of that implementation. That report will: (a) examine progress made in implementing the Union’s macro-financial assistance; and (b) assess the economic situation and prospects of Ukraine, as well as progress made in implementing the policy conditions included in the MoU. Where appropriate, in particular after the MFA Loan and all the bilateral loan agreements have expired, the Commission will include in that report a review of the adequacy of the arrangements contained in this Regulation.
No later than 31 December 2027, the Commission will submit to the European Parliament and to the Council an ex-post evaluation report, assessing the results and efficiency of the completed Union’s support under the MFA operation and the extent to which it has contributed to the aims of the assistance.
2.2 Management and control system(s)
2.2.1 Justification of the management mode(s), the funding implementation mechanism(s), the payment modalities and the control strategy proposed
The actions to be financed under this proposal will be implemented under direct management by the Commission, as it concerns financial support provided directly to the State.
The non-repayable support under the Ukraine Loan Cooperation Mechanism will be made available by the Commission, subject to the availability of amounts in the Ukraine Loan Cooperation Mechanism.
The release of tranches can be organised flexibly and swiftly in the course of 2024 and 2025. To facilitate the Ukrainian authorities’ liquidity management and ensure predictability, the Commission intends to ensure that tranches are released throughout the course of 2024 and 2025, avoiding to the extent possible significant deviations of amounts from quarter-to-quarter. The disbursement of tranches may be aligned with the timing of disbursements of loan or non-repayable financial support under Pillar I of the Ukraine Facility in accordance with Regulation (EU) 2024/792.
The MFA loan should be released subject to the respect of preconditions and satisfactory fulfilment of the policy conditions.
2.2.2 Information concerning the risks identified and the internal control system(s) set up to mitigate them
There are political, fiduciary and policy risks related to the proposed operation. A key risk to the operation stems from the continuation of the war caused by the Russian unjustified and unprovoked invasion of Ukraine, which could have a further negative impact on Ukraine’s macroeconomic stability and administrative capacity.
Secondly, future flows of extraordinary revenues stemming from the immobilisation of Russian sovereign assets held in the European Union are subject to a number of assumptions. Should those assumptions not materialise, the Ukraine Loan Cooperation Mechanism may not achieve its full potential impact.
Thirdly, there is a risk that the loans could be used in a fraudulent way. As the proposal is not designated to specific expenses (contrary to project financing, for example), this risk is related to factors such as the general quality of management systems in the National Bank of Ukraine and the Ministry of Finance, administrative procedures, control and oversight functions, the security of IT systems and the appropriateness of internal and external audit capabilities.
Fourthly, in the event that non-repayable support from the Ukraine Loan Cooperation Mechanism is insufficient to repay the MFA loan and that other repayment sources are not possible, risk stems from the possibility that Ukraine will fail to service the MFA loan, which could be caused for example by a significant additional deterioration of the balance of payments and fiscal position of the partner.
Internal control systems
The operations will be liable to verification, control and auditing procedures under the responsibility of the Commission, including the European Anti-Fraud Office (OLAF), and by the European Court of Auditors as foreseen by Article 129 of the Financial Regulation. The payment is subject to monitoring by the Commission’s staff. The disbursement relating to the operations may be subject to additional independent ex-post (documentary and/or on-the-spot) verifications by officials of the ex-post control team of the relevant Commission department. Such verifications may also be initiated at the request of the responsible authorising officer by delegation. Interruptions and suspensions of payments, financial corrections (implemented by Commission), and recoveries may be practiced where needed (it has not occurred so far) and are to be explicitly foreseen in the agreements with Ukraine.
2.2.3 Estimation and justification of the cost-effectiveness of the controls (ratio of "control costs ÷ value of the related funds managed"), and assessment of the expected levels of risk of error (at payment & at closure)
The control systems in place have ensured an effective error rate for the macro-financial assistance type of payments so far of 0%. There are no known cases of fraud, corruption or illegal activity. Operations have a clear intervention logic, one that allows the Commission to evaluate their impact. The controls enable the confirmation of assurance and of attainment of policy objectives and priorities.
2.3 Measures to prevent fraud and irregularities
Specify existing or envisaged prevention and protection measures, e.g. from the Anti-Fraud Strategy.
To mitigate the risks of fraudulent use several measures have been and will be taken. The detailed terms of the non-repayable support under the Ukraine Loan Cooperation Mechanism, will be set out in a legal agreement signed between the Commission and Ukraine. The legal agreement will establish the obligation of Ukraine to use the non-repayable financial support for the repayment of the principal, interest and any other related cost of the MFA Loan or eligible bilateral loans, as well as to obtain from the bilateral lenders and provide, without delay, to the Commission the proof of discharge of each payment obligation.
Furthermore, a Loan Agreement is to be concluded between the Commission and Ukraine in accordance with Article 220 of Regulation (EU, Euratom) 2018/1046. The Loan Agreement will provide a set of provisions on inspection, fraud prevention, audits and recovery of funds in case of fraud or corruption. In particular, the Loan Agreement will include provisions for the Commission to carry out checks, for the Court of Auditors to carry out audits and for the European Public Prosecutor’s Office to exercise its competences, in accordance with Articles 129 and 220 of Regulation (EU, Euratom) 2018/1046.
The MFA operation will be subject the specific provisions for the protection of the financial interests of the Union as established under the Framework Agreement under the Ukraine Facility.
3. ESTIMATED FINANCIAL IMPACT OF THE PROPOSAL/INITIATIVE
3.1 Heading(s) of the multiannual financial framework and expenditure budget line(s) affected
New budget lines requested
In order of multiannual financial framework headings and budget lines.
| Heading of multiannual financial framework | Budget line | Type of expenditure | Contribution | |||
| Diff./Non-diff. | from EFTA countries | from candidate countries | from third countries | within the meaning of Article 21(2)(b) of the Financial Regulation | ||
| 6 | Operational expenditure budget line: 14 11 01 – Ukraine Loan Cooperation Mechanism | Diff | YES | YES | YES | YES |
3.2 Estimated financial impact of the proposal on appropriations
3.2.1 Summary of estimated impact on operational appropriations
The purpose of the Mechanism shall be to provide Ukraine with non-repayable financial support with a view to assisting Ukraine to repay the MFA Loan and bilateral loans provided to support Ukraine.
The Mechanism shall receive resources and disburse them on a regular basis to Ukraine to cover the principal, interest and any other related costs of the MFA Loan and bilateral loans.
Amounts transferred to the Ukraine Loan Cooperation Mechanism by any potential amendment Annex XLI to Council Regulation (EU) No 833/2014, as well as amounts stemming from specific voluntary contributions from Member States, third countries or other sources, will be used to provide Ukraine with non-repayable support with a view to assisting Ukraine to repay the MFA Loan and bilateral loans provided to support Ukraine.
| Ukraine Loan Cooperation Mechanism (assumption: commitment appropriations equal payment appropriations) | Year 2024 | Year 2025 | Year 2026 | Year 2027 |
| - Operational appropriations (of which) | ||||
| 14 11 01 – Ukraine Loan Cooperation Mechanism | pm | pm | pm | pm |
| Heading of multiannual financial framework | 7 | ‘Administrative expenditure’ |
This section should be filled in using the 'budget data of an administrative nature' to be firstly introduced in the Annex to the Legislative Financial Statement (Annex V to the internal rules), which is uploaded to DECIDE for interservice consultation purposes.
EUR million (to three decimal places)
| Year N | Year N+1 | Year N+2 | Year N+3 | Enter as many years as necessary to show the duration of the impact (see point 1.6) | TOTAL | |||||
| DG: <…….> | ||||||||||
| □ Human resources | ||||||||||
| □ Other administrative expenditure | ||||||||||
| TOTAL DG <…….> | Appropriations |
| TOTAL appropriations under HEADING 7 of the multiannual financial framework | (Total commitments = Total payments) |
3.2.2 Summary of estimated impact on administrative appropriations
The proposal/initiative does not require the use of appropriations of an administrative nature
The proposal/initiative requires the use of appropriations of an administrative nature, as explained below:
EUR million (to three decimal places)
| Year 2024 | Year 2025 | Year 2026 | Year 2027 | TOTAL |
| HEADING 7 of the multiannual financial framework | ||||||
| Human resources | ||||||
| Other administrative expenditure | ||||||
| Subtotal HEADING 7 of the multiannual financial framework |
| Outside HEADING 730 of the multiannual financial framework | ||||||
| Human resources | ||||||
| Other expenditure of an administrative nature | ||||||
| Subtotal outside HEADING 7 of the multiannual financial framework |
| TOTAL |
The appropriations required for human resources and other expenditure of an administrative nature will be met by appropriations from the DG that are already assigned to management of the action and/or have been redeployed within the DG, together if necessary with any additional allocation which may be granted to the managing DG under the annual allocation procedure and in the light of budgetary constraints.
Estimated requirements of human resources
The proposal/initiative does not require the use of human resources.
The proposal/initiative requires the use of human resources, as explained below:
Estimate to be expressed in full time equivalent units
| 2024 | 2025 | 2026 | 2027 | Enter as many years as necessary to show the duration of the impact (see point 1.6) | |||||
| □ Establishment plan posts (officials and temporary staff) | |||||||||
| 20 01 02 01 (Headquarters and Commission’s Representation Offices) | |||||||||
| 20 01 02 03 (Delegations) | |||||||||
| 01 01 01 01 (Indirect research) | |||||||||
| 01 01 01 11 (Direct research) | |||||||||
| Other budget lines (specify) | |||||||||
| □ External staff (in Full Time Equivalent unit: FTE)31 | |||||||||
| 20 02 01 (AC, END, INT from the ‘global envelope’) | |||||||||
| 20 02 03 (AC, AL, END, INT and JPD in the delegations) | |||||||||
| XX 01 xx yy zz 32 | - at Headquarters | ||||||||
| - in Delegations | |||||||||
| 01 01 01 02 (AC, END, INT - Indirect research) | |||||||||
| 01 01 01 12 (AC, END, INT - Direct research) | |||||||||
| Other budget lines | |||||||||
| TOTAL | |||||||||
| □ External staff (in Full Time Equivalent unit: FTE) - AC, AL, END, INT and JED 33 Other budget line: Assigned revenue | |||||||||
| Financed from assigned revenue – at Headquarters | |||||||||
| Financed from assigned revenue – in Delegation | |||||||||
| TOTAL |
The human resources required will be met by staff from the DG who are already assigned to management of the action and/or have been redeployed within the DG, together if necessary with any additional allocation which may be granted to the managing DG under the annual allocation procedure and in the light of budgetary constraints.
Description of tasks to be carried out:
| Officials and temporary staff | |
| External staff |
3.2.3 Compatibility with the current multiannual financial framework
Loans will be funded from borrowings of the EU on the financial markets.
can be fully financed through redeployment within the relevant heading of the Multiannual Financial Framework (MFF).
requires use of the unallocated margin under the relevant heading of the MFF and/or use of the special instruments as defined in the MFF Regulation.
requires a revision of the MFF.
3.2.4 Third-party contributions
The proposal/initiative:
does not provide for co-financing by third parties34
provides for the co-financing by third parties estimated below:
Appropriations in EUR million (to three decimal places)
| Year N35 | Year N+1 | Year N+2 | Year N+3 | Enter as many years as necessary to show the duration of the impact (see point 1.6) | Total | |||
| Specify the co-financing body | p.m. | p.m. | p.m. | p.m. | p.m. | p.m. | p.m. | p.m. |
| TOTAL appropriations co-financed | p.m. | p.m. | p.m. | p.m. | p.m. | p.m. | p.m. | p.m. |
3.3 Estimated impact on revenue
The proposal/initiative has no financial impact on revenue.
The proposal/initiative has the following financial impact:
on own resources
on other revenue
please indicate, if the revenue is assigned to expenditure lines 🗹
EUR million (to three decimal places)
| Budget revenue line: | Appropriations available for the current financial year | Impact of the proposal/initiative36 | ||||||
| Year N | Year N+1 | Year N+2 | Year N+3 | Enter as many years as necessary to show the duration of the impact (see point 1.6) | ||||
| Item 6642 Ukraine Loan Cooperation Mechanism — Assigned Revenue | p.m. | p.m. | p.m. | p.m. | p.m. | p.m. | p.m. | p.m. |
For assigned revenue, specify the budget expenditure line(s) affected.
See section 3.2.1 above.
1European Council Conclusions, 27 June 2024; EUCO 15/24.
2Apulia G7 Leaders’ Communiqué, 14 June 2024.
3Council Decision (CFSP) 2022/335 of 28 February 2022 amending Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine, OJ L 57, 28.2.2022, p. 4.
4Central securities depositories are defined under Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012, OJ L 257, 28.8.2014, p. 1.
5In particular, the prohibition laid down in Article 1a(4) of Council Decision 2014/512/CFSP of 31 July 2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine and Article 5a(4) of Council Regulation (EU) No 833/2014 of 31 July 2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine, OJ L 229, 31.7.2014, p. 1.
6Council decision (CFSP) 2024/577 of 12 February 2024 amending Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine, OJ L, 2024/577, 14.2.2024.
7Council Decision (CFSP) 2024/1470 of 21 May 2024 amending Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine, OJ L, 2024/1470, 22.5.2024.
8This is possible given the amendment to Council Regulation (EU, Euratom) 2020/2093 of 17 December 2020 laying down the multiannual financial framework for the years 2021 to 2027, OJ L 433I, 22.12.2020, p. 11. This allowed contingent liabilities stemming from financial assistance to Ukraine available for 2023 and 2024 to be treated in the same way as financial assistance for Member States.
9Regulation (EU) 2024/792 of the European Parliament and of the Council of 29 February 2024 establishing the Ukraine Facility.
10Regulation (EU) 2021/947 of the European Parliament and of the Council of 9 June 2021 establishing the Neighbourhood, Development and International Cooperation Instrument – Global Europe, amending and repealing Decision No 466/2014/Union of the European Parliament and of the Council and repealing Regulation (EU) 2017/1601 of the European Parliament and of the Council and Council Regulation (EC, Euratom) No 480/2009, (OJ L 209, 14.6.2021, p. 1).
11Council Regulation (EC) No 1257/96 of 20 June 1996 concerning humanitarian aid (OJ L 163, 2.7.1996, p. 1).
12Council Implementing Decision (EU) 2024/1447 of 14 May 2024 on the approval of the assessment of the Ukraine Plan, OJ L, 2024/1447, 24.5.2024.
13Regulation (EU) 2022/2463 of the European Parliament and of the Council of 14 December 2022 establishing an instrument for providing support to Ukraine for 2023 (macro-financial assistance +) (OJ L 322, 16.12.2022, p. 1, ELI: http://data.europa.eu/eli/reg/2022/2463/oj).
14Regulation (EU) 2024/792 of the European Parliament and of the Council of 29 February 2024 establishing the Ukraine Facility (OJ L, 2024/792, 29.2.2024, ELI: http://data.europa.eu/eli/reg/2024/792/oj).
15Ukraine - Third Rapid Damage and Needs Assessment (RDNA3); February 2022 – December 2023.
16Council Decision (CFSP) 2024/1470 of 21 May 2024 amending Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine, (OJ L, 2024/1470, 22.5.2024, ELI: http://data.europa.eu/eli/dec/2024/1470/oj).
17Council Regulation (EU) No 833/2014 of 31 July 2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine, (OJ L 229, 31.7.2014, p. 1, ELI: http://data.europa.eu/eli/reg/2014/833/oj).
18Council Decision 2014/512/CFSP of 31 July 2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine (OJ L 229, 31.7.2014, p. 13, ELI: http://data.europa.eu/eli/dec/2014/512/oj).
19Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012 (OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj).
20Council Decision 2010/427/EU of 26 July 2010 establishing the organisation and functioning of the European External Action Service (OJ L 201, 3.8.2010, p. 30, ELI: http://data.europa.eu/eli/dec/2010/427/oj).
21Council Implementing Decision (EU) 2024/1447 of 14 May 2024 on the approval of the assessment of the Ukraine Plan (OJ L, 2024/1447, 24.5.2024, ELI: http://data.europa.eu/eli/dec_impl/2024/1447/oj).
22Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by the Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13, ELI: http://data.europa.eu/eli/reg/2011/182/oj).
23Regulation (EU) 2021/947 of the European Parliament and of the Council of 9 June 2021 establishing the Neighbourhood, Development and International Cooperation Instrument – Global Europe, amending and repealing Decision No 466/2014/EU of the European Parliament and of the Council and repealing Regulation (EU) 2017/1601 of the European Parliament and of the Council and Council Regulation (EC, Euratom) No 480/2009 (OJ L 209, 14.6.2021, p. 1, ELI: http://data.europa.eu/eli/reg/2021/947/oj).
24Council Decision (EU, Euratom) 2020/2053 of 14 December 2020 on the system of own resources of the European Union and repealing Decision 2014/335/EU, Euratom (OJ L 424, 15.12.2020, pp. 1, ELI: http://data.europa.eu/eli/dec/2020/2053/oj).
25Council Regulation (EU, Euratom) 2020/2093 of 17 December 2020 laying down the multiannual financial framework for the years 2021 to 2027 (OJ L 433I 22.12.2020, p. 11, ELI: http://data.europa.eu/eli/reg/2020/2093/oj).
26Council Decision 2010/427/EU of 26 July 2010 establishing the organisation and functioning of the European External Action Service (OJ L 201, 3.8.2010, p. 30).
27Regulation (EU) 2024/792 of the European Parliament and of the Council of 29 February 2024 establishing the Ukraine Facility (OJ L, 2024/792, 29.2.2024).
28As referred to in Article 58(2)(a) or (b) of the Financial Regulation.
29Details of management modes and references to the Financial Regulation may be found on the BudgWeb site: https://myintracomm.ec.europa.eu/budgweb/EN/man/budgmanag/Pages/budgmanag.aspx
30Technical and/or administrative assistance and expenditure in support of the implementation of EU programmes and/or actions (former ‘BA’ lines), indirect research, direct research.
31AC= Contract Staff; AL = Local Staff; END= Seconded National Expert; INT = agency staff; JPD= Junior Professionals in Delegations.
32Sub-ceiling for external staff covered by operational appropriations (former ‘BA’ lines).
33AC= Contract Staff; AL = Local Staff; END = Seconded National Expert; INT = agency staff; JPD= Junior Professionals in Delegations.
34Third parties’ contributions will be in the form of assigned revenue presented in the section below.
35Year N is the year in which implementation of the proposal/initiative starts. Please replace "N" by the expected first year of implementation (for instance: 2021). The same for the following years.
36As regards traditional own resources (customs duties, sugar levies), the amounts indicated must be net amounts, i.e. after deduction of 25 % for collection costs.
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