Last week, Renew Europe welcomed the adoption of the Ukraine Facility by the European Parliament Committees on Budgets (BUDG) and on Foreign Affairs (AFET).
The fund aims to provide a sustainable financing framework to Ukraine until 2027, with €50 billion in loans, grants and budgetary guarantees.
The Group has been advocating for the establishment of a fund dedicated to Ukraine’s recovery since the beginning of Russia’s illegal war of aggression. The Ukraine Facility is one of the facets reflecting the urgent need to revise the Multiannual Financial Framework, since the European Union is now facing a war on top of other challenges like natural disasters and pandemics.
Vlad Gheorghe MEP (USR, RO), BUDG shadow rapporteur on the Ukraine Facility, said: "My first reaction after the start of the war was to propose an EU plan to rebuild Ukraine. And today we have it. We have Ukraine Facility - this powerful instrument to build resilience in Ukraine, guarantee basic public services and bring the country closer to the EU membership via reforms.”
“Ukraine Facility is also a powerful message to Putin, it is our declaration that we believe in Ukrainians and will stay together with them as long as it takes. And we shall not stop at €50 billion foreseen by the Facility. Assets confiscated from Russian oligarchs will be used to replenish this instrument and help Ukraine even more efficiently."
Petras Auštrevičius MEP (Liberalų sąjūdis, LT), AFET shadow rapporteur on the Ukraine Facility, added: “The Ukraine Facility is a geostrategic important instrument for the recovery, reconstruction, restoration and modernisation of Ukraine.”
“This new Facility will promote cooperation between different layers of Ukrainian authorities, including civil society organisations, women, youth, persons with disability and other vulnerable groups. Ukraine and its people have a difficult task ahead of them, and we will stand together and support them every step of the way.”
Renew Europe insisted on having clear procedures to facilitate access to funding for local NGOs and authorities, while applying anti-corruption measures, to ensure that money reaches the people that were affected most by the war and that infrastructure can be rebuilt.
Another priority for the Group is to safeguard human rights and civil society, while also addressing foreign information manipulation, interference and disinformation.
🎥 @petras_petras: "The Ukraine Facility is a geostrategic important instrument for the recovery, reconstruction, restoration and modernisation of Ukraine."— Renew Europe (@RenewEurope) October 5, 2023