Following the breakthrough at the European Council on 1 February, negotiators from the European Parliament and the Council of the EU reached a provisional agreement on Monday night on the Ukraine Facility, an exceptional package of €50 billion to aid Ukraine’s recovery and modernisation efforts from 2024 to 2027. This deal marks a significant step towards meeting Ukraine’s urgent needs and its journey towards EU membership.

Closer involvement of Parliament and the Verkhovna Rada

The establishment of the “Ukraine Facility Dialogue” guarantees the European Parliament’s active involvement through regular discussions with the Commission every four months on the progress and implementation of the Facility, fostering greater transparency and democratic oversight.

Parliament has significantly enhanced the democratic legitimacy of the Facility in Ukraine by strengthening the Verkhovna Rada’s involvement in its development and oversight. This process also provides for the engagement of…