Russia and EU signed financing agreement for five CBC programmes

At the EU-Russia Summit on 18 Nov 2009 Commissioner for External Relations and European Neighbourhood Policy, Benita Ferrero-Waldner and the Russian Minister for Regional Development, Viktor Basargin, signed the Financing Agreements for the five cross-border co-operation programmes (CBC):

• Kolarctic-Russia (Sweden, Finland, Norway, Russia)
• Karelia-Russia (Finland, Russia)
• South East Finland-Russia (Finland, Russia)
• Estonia-Latvia-Russia
• Lithuania-Poland-Russia (the Kaliningrad programme)

The programmes have a total budget of approximately €437 million until 2013, and are funded by different sources: Russian Federation (€103 mio), European Commission (€267 mio) and the Member States (€67 mio).

For more information please read the press release.