On Tuesday 20 June, as part of the mid-term review of the 2021-2027 Multiannual Financial Framework (MFF), the European Commission proposed a new financial architecture that will stabilise the European Union's macro-financial assistance to Ukraine to the tune of €50 billion until 2027 (see other news).
This new ‘Ukraine Facility’ will provide “predictability” for EU support for Ukraine's operation and reconstruction, and will be “an incentive” for other potential donors to...