Financing Agreement is signed

The Financing Agreement (FA) of the South-East Finland – Russia CBC 2014-2020 Programme was signed on 29 December 2016 by the European Commission, the Russian Federation and the Republic of Finland. The FA includes provisions necessary to implement the Joint Operational Programme adopted by the EC in December 2015. Signed agreement shall be taken to national procedures (ratification) to validate its content in to force concerning the cross-border cooperation actions. The national procedures will take 3-8 months, and they are required before signing the Grant Contracts for the awarded CBC projects.