External publications

The European Union's new Ukraine facility: an important though insufficient step?

Bergmann, Julian
External Publications (2024)

published on ettg.eu, 02.04.2024

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On 27 February, the European Parliament approved the revision of the EU’s multi-annual financial framework (MFF). As part of these negotiations, EU institutions have agreed on a regulation establishing the so-called Ukraine Facility. This facility concerns a new financial instrument worth €50 billion that is dedicated to supporting Ukraine’s reconstruction and recovery efforts until the end of the current budget cycle in 2027. This blog analyses the added value and potential limitations of the Ukraine Facility and discusses next steps in implementation.