Regina Doherty (Fine Gael) | Oireachtas source

Sure. I think I will be finished by then.

I echo the Cathaoirleach's words about the €50 million announced unanimously, supporting the decision made by all 27 leaders this morning to allocate €50 million of current MFF funding. It shows the strength of unity in the European Union behind Ukraine against the illegal invasion by Russia. The €50 million will be made up of grants and loans to the Ukrainian people through the MFF. This legislation will allow us to increase Ireland's allocation to current 2022 to 2027 MFF funding. It also allows for the creation of MFAs, which are also very welcome. They will be responsible for rebuilding, enhancements and changes to our trusts and donations. For example, the EIB will allow countries - not exclusive to Ukraine - to access funds at cheaper rates than they would have heretofore. This will allow them to do major infrastructure projects. We can envisage the kind of restructuring that will have to happen in Ukraine, having been destroyed to such an extent by Russia. I welcome this Bill. It is a technical Bill but is very much needed.

The final Part of the Bill which I want to welcome is the amendment to the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010. We as Members of the Houses or those involved in politics are concerned as PIPs, as are our extended families. It is a somewhat cumbersome process. It is welcome when you see criminal organisations caught by CAB and millions of euro taken from them and used for better purposes. I support this Bill fully.