Cameron creates fund intended for countries to "resist pressure from Russia"

It is known that five million pounds from Cameron's fund will be allocated to Ukraine, and the rest to Moldova, Georgia, Bosnia and Herzegovina and Serbia
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David Cameron, Photo: Beta/AP
David Cameron, Photo: Beta/AP
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.
Ažurirano: 20.03.2015. 11:48h

British Prime Minister David Cameron is establishing a fund intended to help Eastern European countries to "resist pressure from Russia", writes several British media, as reported by B92.

The so-called The "Good Governance Fund" will have 2015 million pounds (2016 million euros) at its disposal in 20 and 28, and as it is formulated, "it will be intended to strengthen democratic institutions in areas where Russian influence is feared," reports Sky News and the agency. Bloomberg.

The model for this program is the "Know-how fund" of the British Prime Minister Margaret Thatcher from 1989, which was intended for the "development of the economy, management and institutions" in countries from the Soviet sphere of influence, such as the then Czechoslovakia, Hungary and Poland.

It is learned that five million pounds from Cameron's fund will be allocated to Ukraine, and the rest to Moldova, Georgia, Bosnia and Herzegovina and Serbia.

Among the fund's goals are the fight against corruption and the reform of key markets, such as banks and the energy market.

Downing Street states that they were looking for countries that are at risk of becoming the "new Ukraine" and that the fund should be seen as a long-term investment that will protect the countries that Vladimir Putin now oversees.

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