STRASBOURG, 24 NOV – Green light from the European Parliament to the 18 billion euro loan to Ukraine for 2023. The Eurochamber approves, with 507 votes in favour, 38 against and 26 abstentions, the long-term loan on preferential and conditional terms to a series of reforms. The 18 billion euros will cover about half of the 3-4 billion euros of monthly funding that Ukraine will need in 2023. According to the proposal drawn up by the Commission, the money “will be used to support essential public services, such as of hospitals and schools, the provision of shelter for refugees, macroeconomic stability and the restoration of critical infrastructure destroyed by Russia”. The loan, which will be financed by the EU on the financial markets, will be disbursed in quarterly installments, with continuity and predictability essential to keep Ukraine afloat in the context of war. The MEPs confirmed the link between the disbursement of funds and a series of reforms to be adopted “to strengthen the country’s institutions and prepare it both for reconstruction and for the path to EU membership”. Among the reforms listed are measures for the fight against corruption, judicial reform, respect for the rule of law, and the modernization of institutions. Their progress will be examined by the Commission before the disbursement of each installment. (HANDLE).