Article 7 — Commission’s assessment of the Ukrainian Financing Strategy

1. The Commission shall assess the Ukrainian Financing Strategy submitted in accordance with Article 6 without undue delay. 2. When carrying out the assessment referred to in paragraph 1, the Commission shall act in close cooperation with Ukraine. The Commission may make observations or seek additional information, including verifying information with Member States, third countries and international organisations. Ukraine shall provide any requested additional information and may revise the Ukrainian Financing Strategy if necessary, including after its submission. 3. The Commission shall assess the Ukrainian Financing Strategy and shall, in particular assess: (a) the completeness, feasibility and coherence of the Ukrainian Financing Strategy with the underlying assumptions; (b) the consistency of the information in the Ukrainian Financing Strategy with external sources, including any recent reviews of the IMF and information from the Ukraine Donor Platform and the Ukraine Defence Contact Group; (c) the consistency of the expected external financing gap with the following indicative distribution of the Ukraine Support Loan: (i) EUR 30000000000 for macro-financial assistance in accordance with Chapter III of this Regulation or for budget assistance in the form of a loan to be implemented under the Ukraine Facility pursuant to Chapter III of Regulation (EU) 2024/792; (ii) EUR 60000000000 to support Ukraine’s defence industrial capacities in accordance with Chapter IV of this Regulation; (d) compliance with the precondition set out in Article 5(1). 4. Where the Commission gives a positive assessment of the Ukrainian Financing Strategy, it shall, without delay, submit a proposal for a Council implementing decision in accordance with Article 8. 5. Where the Commission gives a negative assessment of the Ukrainian Financing Strategy, it shall, without delay, inform Ukraine, giving reasons for its assessment. A negative assessment shall not prevent Ukraine from submitting a revised Ukrainian Financing Strategy. 6. Where the Commission assesses an update to the Ukrainian Financing Strategy, this Article shall apply.