FYROM may lose 600 million Euros from the EU if it doesn’t abandon the Russian pipeline

FYROM may lose 600 million Euros from the EU if it doesn’t abandon the Russian pipeline

Skopje, November 11, 2014/Independent Balkan News Agency

By Naser Pajaziti

If FYR Macedonia doesn’t abandon “South Stream” Russian pipeline project, it may lose out on 600 million Euros of IPA 2 funds given by the European Union. This was stressed today by the head of the Institute for European Policies, Malinka Jordanova, who added that Brussels’ warnings are real and must be taken very seriously.

“If we don’t respect agreements and remain with the Russian project of “South Stream”, the EU will penalize Macedonia. They will not forgive us. The agreements that we have signed, will be respected. If we don’t abandon the Russian project, then there will be sanctions. The cancellation of IPA funds is one of the last sanctions”, declared Jordanova.

According to her, the country will also have other blockades by Brussels, such as the avoidance of high level meetings, the cancellation of other funds and other sanctions. She says that the country cannot afford to lose out 600 million Euros from IPA funds.

FYROM’s government authorities have not yet declared if they will give up on the Russian project or not. /ibna/