The European Parliament’s budget and foreign affairs committees overwhelmingly supported a proposal for a multi-year, €50B plan.
One of the key demands from MEPs is the use of frozen Russian assets to reconstruct Ukraine. These demands also include safeguards against corruption, fraud, and other violations in the use of European funds in Ukraine. Among other things, the deputies stressed that companies with oligarchic influence should not receive funding.
During consideration in the committees, some changes were made to the project for greater transparency. It is planned to create a separate website that details the funds allocated to Ukraine for specific purposes and the steps Ukraine has taken to receive aid. MEPs also want contributions from third countries and international institutions to be published.
The plan for reforms and investments with the participation of the EU must be agreed upon in consultations with the Ukrainian Parliament. The project will be put to a vote on October 16-19.