By way of derogation from Article 31(3), second sentence, of Regulation (EU) 2021/947 of the European Parliament and of the Council, the financial liability from the MFA Loan should not be supported by the External Action Guarantee established by Regulation (EU) 2021/947. Support from the MFA Loan should constitute financial assistance within the meaning of Article 223(1) of the Financial Regulation. Given that the financial assistance of the MFA Loan is available in 2024 and is authorised in accordance with Article 223(1) of the Financial Regulation, it is appropriate that the guarantee for the MFA Loan to Ukraine be mobilised over and above the multiannual financial framework (MFF) ceilings and up to the limits of the ceilings referred to in Article 3(1) and (2) of Council Decision (EU, Euratom) 2020/2053 in accordance with Article 2(3) of Council Regulation (EU, Euratom) 2020/2093. When considering the financial risks and the budgetary coverage, no provisioning should be constituted for the support from the MFA Loan, to be guaranteed over and above the MFF ceilings, and, by way of derogation from Article 214(1) of the Financial Regulation, no provisioning rate should be set.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
