Ukraine shall open a special account for the sole purpose of the management of the financial and economic assistance received to support Ukraine’s defence industrial capacities. The following rules shall apply in relation to that account:
(a) all payments of the contracts or agreements that are requested for assistance to support Ukraine’s defence industrial capacities shall be paid from that account;
(b) the Commission shall be granted monitoring rights of that account;
(c) Ukraine shall provide the Commission with a monthly report, to be submitted within 10 working days of the end of each month, containing the following information:
(i) the date and amount of each payment made from the account during the preceding month;
(ii) the name of the recipient of each payment;
(iii) a description of the purpose of each payment and how it relates to the contracts or agreements submitted in requests for funds;
(iv) any other information as may be reasonably requested by the Commission.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
