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Establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine

Document TA-10-2024-0021 · P10_TA(2024)0021 · PE765.025

Kind
Adopted text TA-10-2024-0021
Date
22 October 2024
Dossier
2024/0234(COD)
More facts (3)
Voted
  • 22 Oct 2024 (adopted text) Passed 518 for, 56 against, 61 abstained
Formats
Official page PDF Word
Subject matter
EXT, ASSI
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In short

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Parliament's amended version of the proposed regulation establishes the Ukraine Loan Cooperation Mechanism and provides exceptional macro-financial assistance to Ukraine. It sets out rules for the mechanism and the assistance, including conditions and implementation measures.

Key points

  1. Establishes the Ukraine Loan Cooperation Mechanism to support Ukraine's financing needs.
  2. Provides exceptional macro-financial assistance to Ukraine in the form of loans.
  3. Sets conditions for the disbursement of assistance, including commitments to democratic reforms and financial stability.
  4. Requires Ukraine to implement specific policy measures in areas such as anti-corruption and public finance management.
  5. Defines the role of the Commission in managing the mechanism and assistance.
  6. Includes provisions for monitoring and reporting on the use of funds.

Who is affected

  • Ukraine, as the recipient of macro-financial assistance and participant in the loan mechanism.
  • The European Commission, responsible for implementing the regulation.

Legal basis. Article 212 of the Treaty on the Functioning of the European Union

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Text

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Committee on International Trade

European Parliament legislative resolution of 22 October 2024 on the proposal for a regulation of the European Parliament and of the Council establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine (COM(2024)0426 – C10-0106/2024 – 2024/0234(COD))

(Ordinary legislative procedure: first reading)

The European Parliament,

–having regard to the Commission proposal to Parliament and the Council (COM(2024)0426),

–having regard to Article 294(2) and Article 212 of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C100106/2024),

–having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

–having regard to the budgetary assessment by the Committee on Budgets,

–having regard to the undertaking given by the Council representative by letter of 9 October 2024 to approve Parliament’s position, in accordance with Article 294(4) of the Treaty on the Functioning of the European Union,

–having regard to Rules 60 and 58 of its Rules of Procedure,

–having regard to the letter from the Committee on Foreign Affairs,

–having regard to the report of the Committee on International Trade (A10-0006/2024),

1.Adopts its position at first reading hereinafter set out;

2.Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

3.Instructs its President to forward its position to the Council, the Commission and the national parliaments.

P10_TC1-COD(2024)0234

Position of the European Parliament adopted at first reading on 22 October 2024 with a view to the adoption of Regulation (EU) 2024/… of the European Parliament and of the Council establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine

(As an agreement was reached between Parliament and Council, Parliament's position corresponds to the final legislative act, Regulation (EU) 2024/2773.)

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Sources & citation

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Permalink
https://news.eu-parl.st-solutions.dev/texts/TA-10-2024-0021
Official source
Data source
Licensed CC BY 4.0.
Retrieved
25 September 2026

Cite as

European Parliament (2024). “Establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine”. Text, 22 October 2024. docId TA-10-2024-0021, reference TA10-0021/2024. EU Parl Watch Research. https://news.eu-parl.st-solutions.dev/texts/TA-10-2024-0021 (retrieved 25 September 2026). Official source: The text on the European Parliament’s website, https://www.europarl.europa.eu/doceo/document/TA-10-2024-0021_EN.html. Data: EP Open Data API: document record, https://data.europarl.europa.eu/api/v2/documents/TA-10-2024-0021 (CC BY 4.0).
BibTeX 
@misc{epw-text-ta-10-2024-0021,
  author = {{European Parliament}},
  title = {{Establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine}},
  year = {2024},
  date = {2024-10-22},
  howpublished = {\url{https://news.eu-parl.st-solutions.dev/texts/TA-10-2024-0021}},
  url = {https://news.eu-parl.st-solutions.dev/texts/TA-10-2024-0021},
  urldate = {2026-09-25},
  publisher = {EU Parl Watch Research},
  note = {Text. docId TA-10-2024-0021, reference TA10-0021/2024. Official source: https://www.europarl.europa.eu/doceo/document/TA-10-2024-0021\_EN.html. Data: EP Open Data API: document record (CC BY 4.0)}
}