EU can allocate 600 million euro for Eastern Partnership implementation

PanARMENIAN.Net - Officials in Brussels on Monday urged European Union governments to back their plans for a 600-million-euro (756-million-dollar) plan designed to boost ties with their former-Soviet neighbors, EarthTimes reports.



Benita Ferrero-Waldner, the EU's external affairs commissioner, said the bloc's the Eastern Partnership had become even more necessary in the wake of the August conflict between Georgia and Russia and January's gas standoff between Russia and Ukraine.



"The Eastern Partnership is a very timely initiative that needs to be implemented," Ferrero-Waldner said on the margins of talks in Brussels between EU foreign ministers, since problems in Eastern Europe "affect us directly."



In early December, the European Commission unveiled plans to spend an additional 350 million euros - on top of the 250 million already allocated - to help promote stability and prosperity in Ukraine, Georgia, Azerbaijan, Armenia and Moldova.



Noting that the commission currently spends about two-thirds of its regional cooperation money on the EU's southern neighbours, Ferrero-Waldner said she hoped member states would endorse the commission's eastern proposal at a summit on March 19-20.



But some member states in southern Europe fear that a major increase of funding to the EU's eastern neighbours would shift its strategic focus away from North Africa and the Middle East, diplomatic sources said.