Feb 18 • 07:58 UTC 🇪🇪 Estonia ERR

Politico: EU tries to save Eastern border countries from economic stagnation

The European Commission announces plans to invest in EU regions bordering Russia, Belarus, and Ukraine, which are suffering economically due to war-related impacts.

In a significant announcement on Wednesday, the European Commission outlined plans to direct investments toward EU regions bordering Russia, Belarus, and Ukraine, regions severely impacted by the ongoing conflicts in the vicinity. These areas have faced a decline in investment, reduced cargo transport, and a downturn in tourism, all of which have greatly affected the economies of the EU's easternmost regions, particularly the Baltic states, Finland, and Poland. The Commission's strategy aims to motivate international financial institutions to provide funding to these struggling regions, although it does not involve any new funds initially.

Niina Ratilainen, a member of the Turku City Council in Finland and part of the Committee of the Regions' working group on Ukraine, emphasized the importance of not just controlling borders but also ensuring that they are vibrant and alive. She advocates for investing in job creation, clean energy, and education in these border areas, arguing that this investment lays the foundation for true security. Her insights reflect a growing recognition that economic stability is essential for maintaining not only local livelihoods but also broader European stability.

Brussels is increasingly concerned that if the easternmost regions of the bloc continue to depopulate, the entire stability of Europe could be at risk. This strategy from the Commission highlights the urgent need for a comprehensive approach to mitigate the economic challenges faced by these border regions, ensuring they do not become neglected areas that could foster greater instability in the future.

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