Ports

The European Commission approved a state aid worth 126 million Euros for investments in Romanian ports through which Ukrainian exports pass. The measure comes against the background of the increase in the transit of goods exported from Ukraine, which poses logistical problems for the activity in the Romanian ports on the Danube and the Black Sea. The financial aid for each company in these ports cannot exceed 10 million Euros or 65% of the eligible costs of the projects. The executive vice-president of the European Commission, Margrethe Vestager, says that the 126 million Euros will help Romania eliminate the blockages created in ports by the large volume of goods exported from Ukraine. Since last year, most of the Ukrainian export has been made through Romania, after Russia blocked its transit through the Black Sea.