Georgia to lose 121 million euros in EU funding over 'democratic backsliding', says EU delegation

Georgia eyes EU candidate status but membership still a distant dream

FILE PHOTO: A participant holds a EU flag during a procession in support of Georgia's membership in the European Union in Tbilisi, Georgia, December 9, 2023. REUTERS/Irakli Gedenidze/ File Photo

Source: X02692

The European Union delegation to Georgia said on Tuesday that the South Caucasus country would lose 121 million euros ($130 million) in funding from the bloc as a result of "democratic backsliding."

The delegation said in a post on X that Georgia's remaining unspent EU funds from 2022 and 2023 "will be lost". Georgia is a candidate member to the EU.

EU Ambassador to Tbilisi Pawel Herczynski warned last week that Georgia's ties with Brussels will suffer and it may even face sanctions if it veers away from democracy.

Georgia is due to hold a parliamentary election on Oct. 26.

This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters