EU closes border projects: Ukraine to lose about 27 million euros
19:57, 22 February 2018

EU closes border projects: Ukraine to lose about 27 million euros

However, the EU announced its intention to continue supporting reforms in Ukraine

19:57, 22 February 2018

Open source

The European Union has officially confirmed that it stops financing projects to develop more than 10 checkpoints on the western border of Ukraine. In addition, Ukraine will have to return some of the funds. This is stated in the official explanation of the European Commission, Evropeyska Pravda reports.

EU spokeswoman Maia Kosjančić explained that the Union stops implementation of projects for which it was required to transfer 29.2 million euros.

"We are talking about six projects with European financing for a total of 29.2 million euros, the main beneficiary of which was the State Fiscal Service of Ukraine. Due to the delays in their implementation, given our assessments and the reports of the EU member states, we came to the conclusion that projects could not be completed on time, "she said.

According to Kosjancic, these six projects are already in the process of closing, allocated and not spent money should be returned to the accounts of the European Commission. However, the EU press secretary clarified that the European Union is ready to support reforms in Ukraine in the future.

The source in Brussels explained that, contrary to the statements of representatives of the Ukrainian side, the decision of the European Union is final.

"The decision to close these projects is final, it was carefully weighed and is based on proper assessment," the official explained. The interlocutor also noted that during the implementation of these projects, Ukraine received from the EU a third of the grant funds allocated for the project - about 10 million euros. Most of these funds remained unused.

According to preliminary data, Kyiv spent about 2 million euros. Accordingly, Ukraine should reimburse the EU about 8 million euros. Thus, the total value of funds that were offered to Ukraine, but not used, is about 27 million euros.

Related: OSCE observers record about 150 blasts in Donbas

Related: EU to not unfreeze assets of Ukrainian businessman Klyuyev

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