# Council Decision of 12 May 2011 providing precautionary EU medium-term financial assistance for Romania (2011/288/EU), Article 1

Extent: E+W+S+N.I.

1. The Union shall make available to Romania a precautionary medium-term financial assistance amounting to a maximum of EUR 1,4 billion. In case the facility is activated and disbursements are provided, the assistance shall be provided in the form of a loan with a maximum average maturity of seven years.
2. The precautionary Union financial assistance shall be available for activation, and disbursements may be requested, until 31 March 2013.

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Source: https://www.legislation.gov.uk/eudn/2011/288/article/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2011-288/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.