Press Release: European Neighbourhood Policy in action: launch of cross-border co-operation programmes with Russia

At the EU-Russia Summit on 18 November 2009 Commissioner for External Relations and European Neighbourhood Policy, Benita Ferrero-Waldner, and the Russian Minister for Regional Development, Viktor Basargin, signed the Financing Agreements for five cross-border co-operation programmes (CBC). These financing agreements are central to the implementation of cooperation programmes between the border regions of the European Union and Russia. The programmes have a total budget of approximately €437 million until 2013, and are funded by different sources: European Commission (€267m), Member States (€67m) and the Russian Federation (€103m). The co-financing by the Russian Federation confirms the spirit of partnership at the core of the European Neighbourhood and Partnership Instrument (ENPI).

ESO: Background information: European Neighbourhood Policy http://www.europeansources.info/record/european-neighbourhood-policy-2/

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