On 12 November 2018 the President of the Russian Federation has signed the Federal law on ratifying the Agreement on financing and implementation of the Estonia-Russia Cross Border Cooperation Programme 2014-2020.
The Agreement shall enter into force on 1st January 2019 and is the precondition for awarding grant contracts to projects.
The total budget of the Programme is estimated at EUR 34 223 858. The financial contribution of the Russian Federation to the Programme is EUR 8 403 762 and financing of the Republic of Estonia is set at EUR 9 012 572. EU financial contribution EUR 16 807 523 to the Programme is provided under the European Neighbourhood Instrument and the European Regional Development Fund.
All projects activities financed by the Programme shall end by 31 December 2022 at the latest.