Contents tagged with Financial assistance

  • Ukrainian political analyst: In advance of Presidential elections, the Kremlin is diverting financial assistance from Donbas to Crimea

    The Ukrainian political scientist and leader of the United Coordination Center, Oleh Saakian, believes that the end of the of assistance to the separatist-held territories of the Donbas by Russia and the redirecting of this money to the annexed Crimea is a demonstrative step in the run-up to presidential elections. This allows the Kremlin to fulfill several tasks at once, the expert said on the air with radio Krym.Realii.

    "It is very likely that the money is being transferred "for the Crimea" …

  • Putin explained why increasing financial assistance to Sevastopol is not yet reasonable

    Russian President Vladimir Putin said that Sevastopol could receive budgeted funds two to three times larger than in the past. However, according to him, this cannot happen, because the city is not able to cope with such a large amount of money properly.

    "Sevastopol is not ready to accept such a large amount of money," Putin explained on Wednesday at a meeting with teachers. The inability to master all the money received can lead to theft of funds, Putin added.

    At the same time, he …

  • Moldova will receive 100 million euros from the EU for financial assistance

    The European Union may give Moldova 100 million euros in macro-financial assistance. A decision about this was made today in Brussels by ambassadors of member nations of the EU, as reported  on the website of the Council of the European Union.

    It is expected that of the total amount to be provided for assistance, 60 million euros will be long-term loans, and the remaining 40 million euros will be a grant, which means the money will not need to be repaid.

    The funds will be used to support the …