Guidelines for the 2027 Budget - Section III

Tabled by Stanisław Tyszka, Alexander Jungbluth

46. Removed: Firmly reiterates its unconditional and full support for Ukraine in its fight for freedom and democracy against Russian aggression, as the war on its soil enters its fourth year; condemns the devastating human and economic toll of Russia’s war; underlines the ongoing and pressing need for intensified funding efforts to address urgent humanitarian needs, repair critical infrastructure and enhance the capacity of the EU-Ukraine Solidarity Lanes to deliver essential supplies; welcomes the agreement by Member States to provide support to Ukraine through a Added: Acknowledges the humanitarian consequences of the ongoing conflict in Ukraine; expresses, however, serious concern regarding the EUR 90 billion Removed: loan under enhanced cooperation over two years through joint borrowing and to immobilise indefinitely Russian assets of up to EUR 210 billion, which have been frozen in the EU since the start of the war; stresses the importance of ensuring accountability for international crimes; insists that the ‘Ukraine Support Loan Instrument’ special instrument be used; Added: Ukraine Support Loan, financed through joint EU borrowing on capital markets and guaranteed by the headroom of the EU’s long-term budget; notes that the repayment of the loan is conditional upon Ukraine receiving war reparations from Russia, a scenario for which no enforceable legal mechanism, international agreement or realistic prospect currently exists; considers, therefore, that this instrument constitutes a de facto fiscal liability for EU taxpayers rather than a genuine loan, and that its designation as a ‘loan’ obscures the true nature of the financial commitment; notes with concern that the estimated debt servicing costs alone amount to approximately EUR 1 billion in 2027 and EUR 3 billion annually from 2028 onwards, to be covered by the EU’s annual budgets; notes, furthermore, that the immobilisation of approximately EUR 210 billion in Russian sovereign assets provides no legally certain repayment guarantee, as any use of such assets remains subject to unresolved questions of international law; calls on the Commission to present a transparent scenario analysis of the full fiscal exposure borne by the EU budget, including in the event that no reparations are received; stresses that the budgetary consequences of such commitments must not lead to a reduction in funding for programmes directly benefiting EU citizens; insists that any further financial commitments to non-EU countries be subject to the prior consent of the budgetary authority and accompanied by a rigorous cost-effectiveness analysis;

Wording as published by the EP, in English. PE782.988v01-00