Where the law stands, Dossier 2024/0234(COD)
Establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine
Ordinary legislative procedure (COD): Parliament and the Council decide together as equals. · First reading
A proposed EU law. Parliament and the Council must agree on the same text: Parliament adopts its position, then negotiates with the Council.
Where it stands
Published as law
Completed: published in the Official Journal on 28 October 2024 and now EU law.
- Referred to committee(done) 10 October 2024
- Committee work(done) Report adopted 14 October 2024
- Tabled for plenary(done) 15 October 2024
- Plenary vote(done) Adopted 22 October 2024
- Negotiations with the Council(done)
- Published as law(done) 28 October 2024
Decided in plenary
22 October 2024 · decision 1
Foreign affairs, New EU law
Establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine
Passed 518 for · 56 against · 61 abstained by an overwhelming majority
AI summary:The proposal establishes the Ukraine Loan Cooperation Mechanism to help Ukraine repay loans of up to €45 billion using windfall profits from frozen Russian assets.
Who works on it
- Lead committee
- International Trade
- The MEP who drafts the report and negotiates it on behalf of the committee.
- Karin Karlsbro (Renew)
- An MEP who follows a report on behalf of their own group when another group holds the rapporteur.
- Sandra Kalniete (EPP), Rihards Kols (ECR), Markéta Gregorová (Greens), Manon Aubry (The Left)
- Committees giving an opinion
- Foreign Affairs
The text, version by version
Newest first.
Adopted by Parliament· 22 Oct 2024
AI summary:Parliament's amended version of the proposed regulation establishes the Ukraine Loan Cooperation Mechanism and provides exceptional macro-financial assistance to Ukraine.
Tabled for plenary· 15 Oct 2024
AI summary:Parliament's amended version of the proposed regulation establishes the Ukraine Loan Cooperation Mechanism and provides exceptional macro-financial assistance to Ukraine, using windfall profits from immobilized Russian assets to repay loans.
Committee opinions: Opinion (BUDG), Draft opinion (BUDG)
Timeline
Newest first.
Outcome 2 steps
28 October 2024
Published in the Official Journal
The act is now EU law.
24 October 2024
Signed by the Presidents of Parliament and the Council
The last step before the act is published in the Official Journal.
Plenary stage 3 steps
22 October 2024
Plenary vote
Sitting of 22 Oct 2024 Adopted text TA10-0021/2024Report A10-0006/2024
22 October 2024
Debated in plenary
MEPs debated the text in the chamber ahead of the vote.
Sitting of 22 Oct 2024 Council / Commission text C10-0106/2024Report A10-0006/2024
15 October 2024
Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
Committee stage 4 steps
14 October 2024
Committee vote: report adopted
INTA (International Trade) voted on the amendments and adopted the report that goes to plenary.
10 October 2024
Referred to the INTA (International Trade) committee
The lead committee prepares the report; AFET (Foreign Affairs) gives an opinion.
7 October 2024
BUDG (Budgets) adopted its opinion
The opinion is attached to the report for the lead committee to consider.
1 October 2024
Draft opinion from BUDG (Budgets)
An associated committee gives its view to the lead committee.
Official record: Legislative Observatory, 2024/0234(COD)