For each of the financial years 2028, 2029 and 2030, the amount resulting from the automatic correction applied to the operational contributions paid in 2026 and 2027 to the Horizon Europe Programme by Ukraine or from the adjustments made in accordance with Article 3(8) of this Agreement will be due to or from Ukraine.
5.
Ukraine shall pay its financial contribution under this Agreement for each of the two Programmes in accordance with point (III) of this Annex. In the absence of payment by Ukraine by the due date, the Commission shall send a formal letter of reminder.
Any delay in the payment of the financial contribution for either of the two Programmes shall give rise to the payment of default interest by Ukraine on the outstanding amount from the due date.
The interest rate for amounts receivable not paid on the due date shall be the rate applied by the European Central Bank to its principal refinancing operations, as published in the C series of
the Official Journal of the European Union
, in force on the first calendar day of the month in which the due date falls, increased by one and half percentage points.
(1) Other actions include notably procurement, prizes, financial instruments, direct actions of the Joint Research Centre, Subscriptions (OECD, Eureka, IPEEC, IEA, …), experts (evaluators, monitoring of projects) etc.
(2) International organisations would only be considered as non-intervention costs if they are final beneficiaries. This will not apply where an international organisation is a coordinator of a project (distributing funds to other coordinators).
ANNEX II
Non-exhaustive list of the equivalent programmes, projects and activities of Ukraine
Part 1
Programmes of Ukraine which are open to participation of legal entities established in the European Union
The following programmes of Ukraine are open to participation of legal entities established in the European Union:
— Competitive calls by National Research Foundation of Ukraine
— Competitive selection of scientific and technical (experimental) developments under the state order, approved by order of the Ministry of Education and Science of Ukraine
— Competitive selection of scientific, scientific and technical works and projects financed by the external instrument of assistance of the European Union for fulfilment of obligations of Ukraine in the Framework program of the European Union on scientific researches and innovations "Horizon 2020"
— Competitive selection of the Ukrainian Startup Fund
Part 2
Programmes which Ukraine undertakes to progressively open to participation of legal entities established in the European Union
The following programmes of Ukraine will be progressively open to participation of legal entities established in the European Union
— Foundation of the President of Ukraine for support of education, science and sports
ANNEX III
Sound Financial Management
Protection of financial interests and recovery
Article 1
Reviews and audits
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