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UK creates ‘political & economic reform’ fund for Eastern Europe to contain Russia

RT | March 20, 2015

Prime Minister David Cameron has announced the creation of a money pot specifically designed to aid Eastern European countries in tackling any future ‘aggression’ from Russia.

The “Good Governance Fund is aimed at strengthening democratic institutions in areas that are wary of Russia’s influence. The fund will total £20 million ($30 million, €28 million) in 2015 and 2016.

It is broken down into £5 million for Ukraine, and continuing grants for Moldova, Georgia, Bosnia-Herzegovina and Serbia.

The announcement comes as leaders of the European Union agreed to extend the economic sanctions currently in place against Russia until the end of 2015, in a move to force Moscow to undertake a full ceasefire in eastern Ukraine.

The Minsk Agreement was reached in February after lengthy talks, but the truce has remained shaky. There have been reports of continuing skirmishes between Ukrainian forces and rebels.

EU leaders have criticized Russian President Vladimir Putin’s alleged “web of influence” across Europe after the reunification of Crimea in March 2014.

Earlier this month, the prime minister of Crimea said the former Ukrainian territory had returned to its historical homeland.

Russia has also formed an alliance with Cyprus, after Putin agreed a £1.8 billion loan for the country in return for the use of its docks for Russian military vessels.

Putin further created powerful western European allies following Marine Le Pens visit to Russia in the autumn. Russia has agreed to loan her party, the right-wing Front National, £6.5 million.

The Kremlin’s interests also extend to Greece, where Putin offered support to anti-austerity party Syriza when it campaigned for the country’s withdrawal from NATO two years ago.

When the party came to power in January, the Russian ambassador to Athens was one of the first to visit Prime Minister Alexis Tspiras.

The new fund is based on a Cold War program created by Margaret Thatcher in 1989.

At the time, her “Know-How-Fund” was used to help countries that had recently left the Soviet Union to develop, such as Hungary and Poland.

Russia denies it is providing rebels in Ukraine with arms and assistance.

The conflict has cost over 6,000 lives to date.

March 20, 2015 - Posted by | Economics | , , , , ,

1 Comment »

  1. Reblogged this on TheFlippinTruth.

    Like

    Comment by joekano76 | March 20, 2015 | Reply


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