11 Amendments of Joachim STREIT related to 2024/0234(COD)
Amendment 7 #
Paragraph 2
2. Takes note of the conditions and obligations of Ukraine to receive and use the non-repayable financial support provided by the Ukraine Loan Cooperation Mechanism, particularly the obligation for the repayment of the principal, interest and any other costs of the MFA Loan or eligible bilateral loans. Insists on stringent conditions to ensure transparency and accountability.
Amendment 13 #
Paragraph 5
5. Takes note of the macro-financial assistance does not provide the possibility for Ukraine to request interest rate subsidies covered by Member States, unlike previous instruments. It is a positive step toward ensuring that the financial burden does not fall disproportionately on Member States and promotes fiscal responsibility in loan management.
Amendment 18 #
Paragraph 8
8. Takes note on the derogation of Article 31(3), second sentence, of Regulation (EU) 2021/947, which implies that the External Action Guarantee will note be used to guarantee the borrowing of the amounts to be lent in the framework of this MFA, and consequently provisioning of guarantees for this MFA from the headroom. Calls for caution in extending borrowing without a clear guarantee mechanism, ensuring that any additional borrowing does not jeopardize the Union's financial stability.
Amendment 21 #
Paragraph 9
9. Takes note of the derogation of Article 211(1) of the Regulation (EU) 2021/947, preventing the establishment of a provisioning rate, due to the use of the headroom for the provisioning of guarantees; stresses the importance of ensuring adequate financial safeguards and clear provisioning for guarantees to prevent risks to the Union’s budget and avoid over-reliance on headroom, which could endanger future financial stability.
Amendment 22 #
Paragraph 10
10. Takes note of all theSupports the inclusion of mandatory provisions to be included in the MFA Loan Agreement, particularly those related to ththat ensure early repayment oif there amounts borrowed should it be recognised that Ukraine has engaged in any actre serious cases of fraud, corruption, or any other illegal activityies detrimental to the financial interests of the Union; insists that strict monitoring and enforcement mechanisms be in place to ensure full compliance.
Amendment 24 #
Paragraph 11
11. Takes note of the modalities of repayment, particularly of the waterfall structure to be established in the MFA Loan Agreement. Calls for thorough scrutiny of these repayment modalities to ensure financial sustainability and minimize potential risks.
Amendment 28 #
Paragraph 12
12. Takes note of the provisions on theEmphasizes the need for transparent and timely transmission of information to the European Parliament and Council, specifically within the framework of the annual budgetary procedure, ensuring full accountability and oversight of how funds are managed and disbursed.
Amendment 32 #
Paragraph 13
13. RegretsExpresses concern over the lack of clarity of the proposal onregarding the final liability of the Union’s budget particularly in the frameworkin the case of a loans guaranteed solely by the headroom, independently of the Ukraine Loan Mechanism support, or lack of thereof; stresses the need for clear and transparent liability structures to prevent undue financial risk to the Union and ensure that future financial liabilities are carefully managed.
Amendment 35 #
Paragraph 14
14. Requests the European Commission to clarify theand prevent potential overlaps in the complementary funding provided bybetween the Ukraine Facility and the MFA, ensuring that all funds are used efficiently and that duplication of financial commitments is avoided, protecting the Union’s budget from unnecessary strain.
Amendment 41 #
Paragraph 16
16. Recalls that a newny amendment of the MFF wshould be required in order to excarefully evaluatend the ability of the Union to treato ensure theat financial assistance to Ukraine in the same manner as financial assistance to Member States until the end of the current Multiannual Financial Frameworkaligns with the Union’s long-term financial capacity; stresses that assistance must be conditional on reforms and accountability mechanisms.
Amendment 45 #
Paragraph 18
18. Concludes that the Committee on Budgets calls on the Committee on International Trade, as the committee responsible, to recommend approval of the proposal for a Regulation establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine, subject to stringent oversight, conditionality, and full accountability of funds, ensuring that the Union’s financial assistance is used effectively and in a manner that safeguards its long-term financial stability.