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EC switches €135m rail support funds from Russia to Ukraine - The Loadstar (theloadstar.com)

submitted 2 years ago by [email protected] to c/[email protected]

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EC plans to shift funding for Belarussian and Russian rail freight to Ukraine and Moldova will only have the desired effect if sent instantly as a lump sum, a consultant told The Loadstar. The funding switch was announced late last week and means some €135m from the Neighbourhood Development and International Cooperation instrument rerouted to facilitate cross-border links between Ukraine and its EU neighbours.

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[–] [email protected] 1 points 2 years ago

EC = European Commission, i.e. the Executive branch of the European Union. It is responsible for drawing up the budget for the EU.