On the evening of Monday 5 February in Strasbourg, negotiators from the European Parliament and the Belgian Presidency of the Council of the European Union reached a provisional political agreement on the ‘Ukraine Facility’, the instrument that will be used to deliver €50 billion in macro-financial aid from the EU to Ukraine (€33 billion in loans at preferential rates and €17 billion in grants) until 2027 (see EUROPE B13325A1).
“The EU is prepared to support Ukraine as long...