#32026R0468Regulation (EU) 2026/468 amending Regulation (EU) 2024/792 establishing the Ukraine Facility
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This regulation amends the Ukraine Facility to channel additional budget assistance to Ukraine in 2026 and 2027 through the existing Facility framework. It integrates the Ukraine Support Loan, which is to be repaid by future Russian reparations, as extra loan-based financial support under Chapter III. The assistance will be provided upon approval of Ukraine’s Financing Strategy and an updated Ukraine Plan that includes further rule of law and anti-corruption measures. Borrowing costs for this new loan are excluded from the Facility’s subsidy and governed instead by the separate Regulation (EU) 2026/467.
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Key Changes
- Adds new subparagraph to Article 6(4) of Regulation 2024/792 allowing amounts from Article 4(1) of Regulation 2026/467 to be implemented as additional loans under Chapter III
- Requires amendment or addendum to the existing loan agreement with Ukraine upon Council implementing decision approving the Financing Strategy
- Excludes borrowing costs subsidy for the new Ukraine Support Loan amounts from the Facility's coverage under Article 23(1)
+ 2 more changes with Pro
Obligations
What this law requires
Ukraine must submit a Ukrainian Financing Strategy detailing its financing needs and sources for 2026 and 2027 to access the Ukraine Support Loan
The Council must approve Ukraine's Financing Strategy through an implementing decision based on a Commission proposal before Ukraine can access funds under Regulation (EU) 2026/467
Ukraine must update its Ukraine Plan to include additional measures strengthening rule of law and combating corruption as a condition for receiving budget assistance from the Ukraine Support Loan
The Commission must enter into an amendment or addendum to the loan agreement with Ukraine upon Council adoption of the implementing decision, ensuring implementation of amounts under Chapter III of the Regulation
Borrowing costs for the Ukraine Support Loan shall be governed exclusively by Regulation (EU) 2026/467 and excluded from the Ukraine Facility's subsidy coverage