EC plans to shift funding for Belarussian and Russian rail freight to Ukraine and Moldova will only have the desired effect if sent instantly as a lump sum, a consultant told The Loadstar. The funding switch was announced late last week and means some €135m from the Neighbourhood Development and International Cooperation instrument rerouted to facilitate cross-border links between Ukraine and its EU neighbours.
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EC = European Commission, i.e. the Executive branch of the European Union. It is responsible for drawing up the budget for the EU.
