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

Mad-Daqqa t’Għajn 16-10-2024

The EU will provide a new macro-financial assistance (MFA) loan of up to €35 billion to Ukraine as part of a G7 initiative to support Ukraine with a loan of up to US$50 billion (€45 billion). The new Ukraine Loan Cooperation Mechanism will provide revenues originating from immobilised Russian sovereign assets, so that Ukraine can service and repay loans from the EU and other G7 lenders. ºÏ·¨²©²ÊÍøÕ¾ is expected to adopt the proposal during its October II plenary sitting.