Activities of Lucia YAR related to 2024/0234(COD)
Shadow opinions (1)
BUDGETARY ASSESSMENT 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
Amendments (13)
Amendment 1 #
Recital A a (new)
A a. whereas there is a need for greater sustained budgetary support to Ukraine; whereas the needs of Ukraine are greater than foreseen in previous IMF estimates, making the available amounts in the previous MFAs, the Ukraine Facility and the current MFA insufficient to ensure the required level of support, particularly for the years 2026 and 2027.
Amendment 8 #
Paragraph 2
2. Takes note ofWelcomes the conditions and obligations of Ukraine to receive and use the non-repayable financial support provided by the Ukraine Loan Cooperation Mechanism, particularly the obligation for the repayment of the principal, interest and any other costs of the MFA Loan or eligible bilateral loans.
Amendment 11 #
Paragraph 3
3. Takes note ofWelcomes the proposal for the creation of a new macro-financial assistance instrument to the benefit of Ukraine, providing support of up to 35 billion, pendinga maximum of 35 billion euros, depending on the size of other contributions in the framework of the G7 agreement on “Extraordinary Revenue Acceleration Loans for Ukraine”, and with a duration of 45 years.
Amendment 14 #
Paragraph 6
6. Takes note of the precondition for support, as effective democratic mechanisms and institutions, including a multi-parliamentary system, the rule of law, respect for human rights, including minorities and the consequences of not meeting, or no longer meeting, this precondition.
Amendment 17 #
Paragraph 7
7. Takes note of the future negotiation between the European Commission and Ukraine on the Memorandum of Understanding, containing the guidelines which vertebrate all the future disbursement to Ukraine and which shall 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 th eUkrain ePlan and any amendments thereof.
Amendment 20 #
Paragraph 8
8. Takes note on the derogation of Article 31(3), second sentence, of Regulation (EU) 2021/947, which implies that the External Action Guarantee will note be used to guarantee the borrowing of the amounts to be lent in the framework of this MFA, and consequently provisioning ofthat therefore the guarantees for this MFA fromwill be provisioned by the headroom.
Amendment 23 #
Paragraph 10
10. Takes noteReminds of all the mandatory provisions to be included in the MFA Loan Agreement, particularly those related to the early repayment of the amounts borrowed should it be recognised that Ukraine has engaged in any act of fraud, corruption or any other illegal activity detrimental to the financial interests of the Union.
Amendment 27 #
Paragraph 12
12. Takes note of the provisions on the transmission of information to the European Parliament and Council, as laid down in the Interinstitutional Agreement on good interinsitutional cooperation and governance and specifically within the framework of the annual budgetary procedure.
Amendment 33 #
Paragraph 13
13. Regrets the lack of clarity of the proposal on the final liability of the Union’s budget particularly in the framework of a loan guaranteed solely by the headroom, independently of the Ukraine Loan Mechanism support, or lack ofabsence thereof.
Amendment 37 #
Paragraph 14
14. Requests the European Commission to clarify, identify and eliminate the potential overlaps in the complementary funding provided by the Ukraine Facility and the MFA.
Amendment 38 #
Paragraph 15
15. Requests the European Commission to provide the budgetary authority with details on the aggregation of liabilities to the headroom contingent on borrowing and lending operations. Acknowledges that the needs of Ukraine are greater than foreseen in previous IMF estimates, implying the need for greater sustained budgetary support to Ukraine, making the amounts available in the previous MFAs, the Ukraine Facility and the current MFA insufficient to ensure the required level of support, particularly for the years 2026 and 2027.
Amendment 42 #
Paragraph 16 a (new)
16 a. Requests the European Commission to explore in the framework of the long-term architecture of the Ukraine Facility and the current MFA how to ensure the required level of support, in particular for the years 2026 and 2027.
Amendment 44 #
Paragraph 17
17. Regrets the urgency of this Regulation stemming from the lack of flexibility from the European Commission proposal on the amendment of the Multiannual Financial Framework , in order to be co-preventing the budgetary authority once more from decideding by the European Parliament and CouncilOrdinary Legislative Procedure within the legal deadline..