Recitals
- Recital (1)Since the beginning of Russia’s unprovoked and unjustified war of aggression against Ukraine on 24 February 2022, the Union, its Member…
- Recital (2)The provision by the Union of macro-financial assistance of up to EUR 18 billion under Regulation (EU) 2022/2463 of the European Parliament…
- Recital (3)On 29 February 2024, Regulation (EU) 2024/792 of the European Parliament and of the Council established the Ukraine Facility as an…
- Recital (4)Russia’s war of aggression against Ukraine has caused tremendous damage in Ukraine, with estimated recovery and reconstruction costs of USD…
- Recital (5)On 30 March 2023, the International Monetary Fund (IMF) agreed with Ukraine a USD 15,6 billion four-year programme under the Extended Fund…
- Recital (6)In view of the exceptionally elevated uncertainty surrounding the outlook regarding the situation in Ukraine, on the occasion of the fourth…
- Recital (7)The G7 Leaders, in their Communiqué adopted on 14 June 2024 in Apulia, reaffirmed their unwavering support for Ukraine and their strong…
- Recital (8)In its conclusions of 27 June 2024, the European Council invited the Commission, the High Representative and the Council to take work…
- Recital (9)In the context of Russia’s continued war of aggression against Ukraine, it is necessary to ensure that Ukraine is provided with sufficient…
- Recital (10)On 21 May 2024, the Council adopted Decision (CFSP) 2024/1470, which amended Council Decision 2014/512/CFSP. Decision (CFSP) 2024/1470…
- Recital (11)On 21 May 2024, the Council adopted Regulation (EU) 2024/1469, which amended Council Regulation (EU) No 833/2014. Regulation (EU) 2024/1469…
- Recital (12)The financial contribution from the central securities depositories to the Union should be due as long as the restrictive measures linked…
- Recital (13)On 24 October 2024, the Council adjusted to 95 % the percentage of the amounts of the financial contribution due by central securities…
- Recital (14)It should be possible to support the Mechanism by providing extraordinary revenues stemming from the immobilisation of Russian sovereign…
- Recital (15)Support under the Mechanism should be available to cover the overall amount of principal, interest and any other related costs of the MFA…
- Recital (16)Support under the Mechanism should be available and provided in a manner that ensures equal access both for bilateral lenders and for the…
- Recital (17)In order to ensure that bilateral loans provided by bilateral lenders can swiftly and efficiently be supported by the Mechanism, the…
- Recital (18)The release of support under the Mechanism should be contingent on the conclusion of an agreement between the Commission and Ukraine on the…
- Recital (19)In addition to the support under the Mechanism, an MFA Loan should be provided to support macro-financial stability in Ukraine and to ease…
- Recital (20)The MFA Loan should provide support in the form of a loan of up to EUR 35 billion. In order to cater for the potential requests for support…
- Recital (21)The support to Ukraine under the MFA Loan should be additional and complementary to the Union support provided under the Ukraine Facility.…
- Recital (22)The support to Ukraine under the MFA Loan should be made available under the precondition that Ukraine continue to uphold and respect…
- Recital (23)The Commission should duly take into account Council Decision 2010/427/EU and the role of the European External Action Service, where…
- Recital (24)The MFA Loan should be linked to policy conditions to be set out in a memorandum of understanding between the Commission and Ukraine (the…
- Recital (25)In order to ensure uniform conditions for the implementation of this Regulation, and for reasons of efficiency, the Commission should be…
- Recital (26)The release of the single instalment under the MFA Loan should be contingent on the positive assessment by the Commission of a request for…
- Recital (27)In view of the principle of sound financial management, and to facilitate the Ukrainian authorities’ liquidity management and ensure…
- Recital (28)The MFA Loan Agreement to be concluded between the Commission and the Ukrainian authorities should contain provisions aligned with the…
- Recital (29)In the context of Ukraine’s financing needs, it is appropriate to organise the financial assistance under the diversified funding strategy…
- Recital (30)By way of derogation from Article 31(3), second sentence, of Regulation (EU) 2021/947 of the European Parliament and of the Council, the…
- Recital (31)Given the difficult situation of Ukraine caused by Russia’s war of aggression and in order to support Ukraine on its long-term stability…
- Recital (32)Union support to Ukraine under this Regulation should be managed by the Commission.
- Recital (33)In order to ensure that the European Parliament and the Council are able to follow the implementation of this Regulation, the Commission…
- Recital (34)In order to ensure the continued effectiveness of the arrangements established by this Regulation, the Commission should regularly review…
- Recital (35)In order to ensure uniform conditions for the implementation of this Regulation, implementing powers should be conferred on the Commission.…
- Recital (36)Since the objectives of this Regulation, namely to provide support to Ukraine to cover its financing needs, in particular by providing…
- Recital (37)In view of the urgency entailed by the exceptional circumstances caused by Russia’s unprovoked and unjustified war of aggression, it is…
- Recital (38)In light of the situation in Ukraine, this Regulation should enter into force as a matter of urgency on the day following that of its…
Text as published in the Official Journal; for the authentic version, see EUR-Lex.
