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. Last Updated: 07/27/2016

EU Seeks Larger Aid Deal for Moscow




The European Commission on Tuesday proposed raising economic and trade aid for Russia and other ex-Soviet states and make it focus more on fewer, bigger projects.


It recommended the European Union boost its TACIS aid program to 4 billion euros ($4.8 billion) in 2000 to 2006, up 33 percent from the current program that ends in 1999.


EU Foreign Affairs Commissioner Hans van den Broek proposed 25 percent of aid be used to support democracy, trade and investments.


He proposed greater differentiation in aid with support for Russia, Ukraine and the Caucasus states focusing on investments, regional cooperation and closer ties with central European states due to join the EU.


For former Soviet republics in Central and East Asia, he suggested that aid focus more on reinforcing democracy, good governance and economic reforms.