I move:
That Dáil Éireann approves the exercise by the State of the option or discretion to which Article 20 of the Treaty on European Union relating to enhanced co-operation applies to establish enhanced co-operation as described in the draft Council Decision authorising enhanced co-operation on the establishment of a Loan for Ukraine, a copy of which was laid before Dáil Éireann on 21st January, 2026.
This motions seeks approval from the Dáil for Ireland to exercise the option, in accordance with Article 29.4.7° of Bunreacht na hÉireann, to participate in enhanced co-operation on the establishment of a loan for Ukraine. It is almost four years since Russia's unprovoked, unlawful and unjustifiable attack on Ukraine began. The situation in Ukraine remains grave. Russia's illegal war of aggression has claimed almost 15,000 civilian lives and over 100,000 military casualties. It has forced the migration of 6 million people and caused over €450 billion worth of damage to Ukraine's infrastructure. Recent weeks have seen an escalation in deeply disturbing drone and missile attacks targeting critical infrastructure. These attacks have killed and injured civilians and left millions without power or heating in the depths of winter. Each day that Russia continues its brutal war against Ukraine is another day that Russia continues to violate international law and make the world, in particular Europe, a less secure and more dangerous place.
The war is having a broad impact on the European Continent, particularly from an economic, fiscal and security perspective. Uncertainty levels remain elevated, economic momentum has slowed, investment and consumer spending have weakened, inflation has risen and supply disruptions, including to energy supplies, have emerged. Member states have been forced to take action to mitigate these economic impacts and enhance their security and defence infrastructure. How Europe and the international community respond has far-reaching consequences for Ukraine, European security, the European economy and the future of the international rules-based order on which our security and prosperity depend.
Ireland has consistently expressed its unwavering support for Ukraine's sovereignty and territorial integrity. The people of Ireland feel strong empathy and solidarity with the people of Ukraine. This was recently re-emphasised during President Zelenskyy's visit to Dublin in December and by the Taoiseach at the European Council meeting later that month. Since the onset of the war in February 2022, Ireland's total allocated support to Ukraine amounts to more than €464.4 million. This includes €173.4 million in stabilisation and humanitarian assistance, €200 million in bilateral non-lethal military support for Ukraine, €66 million in non-lethal military support under the European Peace Facility and €25 million specifically aimed at supporting the provision of energy to Ukraine. The latter allocation was announced just last month. Beyond financial support, Ireland has also welcomed over 123,700 people fleeing Russia's war of aggression against Ukraine since that war began. That is happening under the temporary protection directive.
There has been widespread international support for Ukraine, particularly from the EU. Since the start of Russia's war of aggression against Ukraine, the EU and its member states have collectively provided €193.3 billion in overall support. This includes, for example, €18 billion under macro-financial assistance, which is the EU's contribution to the G7 extraordinary revenue acceleration line, and €50 billion under the EU's Ukraine facility budget, of which €28 billion has already been disbursed.
On 3 December 2025, European Commission President von der Leyen made a statement on Ukraine's financing needs, noting the estimate by the International Monetary Fund, IMF, that Ukraine will need €135 billion for 2026 and 2027. However, that assumes the war will end later this year. The level of uncertainty in this regard remains exceptionally high, not least due to Russia's intensified attacks. The European Commission has advised member states that the financial situation in Ukraine requires a disbursement of EU moneys by April. It is in this context that the new financial support from the EU is urgently needed.
Given the ongoing war and these imminent financing needs, extensive efforts took place within the EU in late 2025 to agree a reparations loan for Ukraine of €210 billion to cover the period up to 2030. It was proposed that this be funded either by borrowing cash balances from banks and other financial companies holding immobilised Russian Central Bank assets or by joint EU borrowing guaranteed by EU budget headroom. Despite intensive discussions, it was, unfortunately, not possible to come to an agreement on this proposed reparations loan at the December European Council, although leaders asked for work to continue on the technical and legal aspects of the loan.
In place of that proposal, leaders agreed the Ukraine support loan of €90 billion for 2026 and 2027 using EU borrowing on capital markets, to be repaid by reparations due by Russia, and backed by the EU budget headroom. The European Commission is currently working with member states on the regulations to underpin this. The €90 billion support package is estimated to cover two thirds of Ukraine's overall financing needs for the next two years but, obviously, more will be needed.
Given its imminent financing needs, it is absolutely critical that European financial supports are disbursed to Ukraine in the second quarter at the latest. These supports will further advance strategic investment in Ukraine and contribute to overall European security, defence and sustainable economic development. Therefore, continued and co-ordinated support from international partners remains essential, including timely delivery and commitments by the G7 for 2026 and beyond.
While the December European Council agreed the €90 billion loan, it was not possible to get agreement by all 27 member states, with Czechia, Hungary and Slovakia opting not to participate. Article 20 of the Treaty on European Union sets out a mechanism of enhanced co-operation that allows a minimum of nine member states to set up advanced co-operation in a particular area. This is provided for when the EU as a whole cannot achieve the goals of such co-operation within a reasonable period. The remaining 24 member states, including Ireland, requested the European Commission to prepare a proposal for a Council decision authorising enhanced co-operation on establishing the loan for Ukraine. Approval to proceed with enhanced co-operation is granted by the Council based on a European Commission proposal and following European Parliament consent.
Agreement in principle to the European Commission proposal on enhanced co-operation was provided at the Committee of Permanent Representatives on 9 January this year. The European Parliament provided its consent on 21 January. The final agreement will be taken by the participating member states at the Council meeting taking place in the coming days. That is why we are having this discussion today. On 20 January, the Government provided its approval, first, to proceed with enhanced co-operation on establishing a loan to Ukraine and, second, to move today's motion seeking the prior approval of same from both Houses of the Oireachtas.
This is in line with Article 29.4.7° of Bunreacht na hÉireann, which outlines that the State may exercise the options or discretions to which Article 20 of the Treaty on European Union relating to enhanced co-operation applies, but also that the agreement to any such decision, regulation or Act shall be subject to the prior approval of both Houses of the Oireachtas. By opting to participate in enhanced co-operation on the loan to Ukraine, Ireland will provide a clear signal of our continued support for and solidarity with Ukraine and our commitment to the security of our Continent.
Last December, here in the Chamber, we all heard directly from President Zelenskyy about the utter devastation Russia's unprovoked and unjustified full-scale war is having on Ukraine and its people. We cannot and must not stand idly, and we have not stood idly by, in the face of such aggression. Ireland has been, and will continue to be, a strong supporter of Ukraine. There is an onus on us to act and, in this case, to provide our support to help to address Ukraine's financing needs for 2026 and 2027. This is absolutely essential for Ukraine to be able to exercise its inherent right to self-defence, to support microfinance ability and to put in place the strongest position in peace negotiations.
For the reasons I have set out, I urge the House to support the motion seeking approval for Ireland to exercise the option to participate in enhanced co-operation with 23 other EU member states on the establishment of a loan to Ukraine.