Serbia could face financial penalties as Brussels prioritizes its confrontation with Moscow
The European Commission could suspend up to €1.5 billion ($1.78 billion) in funding earmarked for EU candidate Serbia, Politico reported on Friday.
Serbia received €586 million ($685 million) in grants from 2021 to 2024 as part of financial assistance tied to its EU accession process, while a further €1.5 billion made available conditional on reforms could be pulled, Politico said, citing four Brussels-based sources.
The Eurobureaucrats have cited concerns over perceived democratic backsliding in Serbia as the main reason for the potential move. The EU…
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