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Estonia · Resolution · OE

258

The decision of the Riigikogu "Covering the interest costs of Ukraine's loan"

avaldatud riigiteatajasEstonia· Riigikogu· ET

Introduced

11 September 2023

Last action

20 December 2023 · Accepted

Status

AVALDATUD_RIIGITEATAJAS

Sponsors

Maris Lauri, Vabariigi Valitsus

Subjects

Discovery layer

Source updated

20 December 2023

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Summary

With the decision to cover the interest costs of the Ukrainian loan, Estonia undertakes to pay the interest payments of the loan granted by the European Union to Ukraine to the budget of the European Union in the years 2024-2027 in the maximum amount of 5,890,628 euros. The relevant EU regulation created a financial instrument to support Ukraine in 2023 (MFA+). In order to make the loans more affordable for Ukraine, the EU member states decided to cover the interest costs of the loans until 2027 by paying them as earmarked revenue to the EU budget. For this purpose, a separate agreement is concluded with each member state, where the member states participate according to their share in the total national income of the EU. The payment of interest payments by the member states allows Ukraine to reduce the burden on the state budget in difficult times, giving an opportunity to support the country's economy.

Machine translation from Estonian. The official text remains authoritative.

Timeline

  1. 11 September 2023

    AVALDATUD_RIIGITEATAJAS

    Source: OE

  2. 20 December 2023

    Accepted

Votes

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Versions

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Documents

23 official files

Leping (ingl)

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Sponsors

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Sources

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