Since the start of the Russia’s war of aggression against Ukraine, the EU has provided Ukraine with financial, military and humanitarian support on an unprecedented level, including macro-financial assistance, financial support via the Ukraine Facility, humanitarian aid and military assistance from its Member States and through the European Peace Facility.
Regulation (EU) 2024/2773 provides for a new macro-financial assistance loan for Ukraine and establishes an Ukraine Loan Cooperation Mechanism (ULCM). That loan and the ULCM are part of a G7 initiative adopted at the G7 summit in Apulia in June 2024 to support Ukraine with loans of up to US$50 billion (€45 billion). The purpose of the G7 initiative is to provide Ukraine with sufficient and continuous financial support to address the immediate needs inflicted on the country by Russia’s ongoing aggression. The ULCM will provide Ukraine with non-repayable financial support to assist it in repaying loans provided by G7 partners. Given the urgent nature of Ukraine’s financing needs, the MFA will be available in 2024. According to the annex to the final agreement between G7 finance ministers of 25 October 2024, the EU’s share of the G7 loan will be €18.115 billion. Extraordinary revenues originating from Russian sovereign assets immobilised in the G7 member states will be used to repay those loans and the associated interest costs. The ULCM will collect the extraordinary revenues and use them to repay the loans. The European Parliament adopted the proposal on 22 October 2024 and Regulation (EU) 2024/2773 entered into force on 29 October 2024.
REGULATION (EU) 2024/2773 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 24 October 2024 establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine This Regulation establishes the Ukraine Loan Cooperation Mechanism (the ‘Mechanism’) and makes available to Ukraine exceptional macro-financial assistance in the form of a loan (the ‘MFA Loan’) with a view to supporting Ukraine in covering its financing needs.
Finally found a place where the login process is actually seamless. No more endless loading screens. Great experience so far with jili356comlogin.
The VIP treatment here is real. I feel valued as a player and the exclusive rewards are awesome. Join phvipjili for the premium experience.
Fast loading times and no annoying glitches. It is refreshing to find a site that actually works well on mobile devices. Five stars for sgo777login.
Really impressed with the VIP perks here. They actually treat their regulars well, and the bonuses are genuinely helpful. Glad I switched over to phvipphp.
The login process is quick and the security feels solid. I appreciate how straightforward everything is without too much clutter. Glad I found 11ccbetlogin.
The game variety here is insane! I spent all night exploring the slots and the graphics are top notch. ph7777casino is definitely my new favorite hangout.
Finally found a platform that doesn’t lag during peak hours. The customer support was also very helpful when I had a question about my bonus. Big shoutout to bdluckbdbet.
I love how easy it is to navigate through the different categories. No confusing menus, just pure gaming fun. Check it out at uuu555bet.
Solid experience so far. Everything feels very professional and the loading times are quick. I am really enjoying my time on brbetaki lately.
Best slot selection I have seen in a long time. The jackpots are actually reachable if you have a bit of luck. Join asiabetslot for more wins.
Really loving the vibe here. The games are exciting and I’ve managed to hit a few decent wins already. It is just a great place to hang out and play. Visit bancanohuonline
Super easy registration process and the customer support team is actually helpful. It is rare to find a site this user friendly. Give bdbtd88 a try.
This site has a great vibe and the rewards are actually fair. I have tried a few others but this one feels more honest. Cheers to the team at bd8999bd for the great service.
Love the VIP treatment here. The bonuses are generous and the customer support is actually helpful for once. Give 444vip a try if you like feeling like a pro.
The login process is super fast and I have not encountered any bugs so far. It is great to see a site that values user experience. Give bd66zzlogin a try.
Honestly the best gaming platform I have used in a while. Everything is so intuitive and the rewards are actually fair. Highly recommend vnluk88 to everyone.
I have been playing here for a while and the payouts are surprisingly fast. Definitely one of the best platforms I have tried recently. Check out vn78vin
Installation was a breeze and the performance is stable. It is much better than playing in a mobile browser. Check out smjiliappapk for the best mobile gaming.