Financial Crime World

European Union’s Exceptional Assistance Measure for Bosnia and Herzegovina

Key Points

  • Financing Decision: A financing decision has been adopted for an exceptional assistance measure regarding Bosnia and Herzegovina with a maximum Union contribution of EUR 3,500,000.
  • Multi-Level Reconciliation Initiatives: The measure aims to support multi-level reconciliation initiatives in Bosnia and Herzegovina.
  • Implementation: The implementation of actions will be entrusted to entities or persons selected according to criteria set out in the Annex.
  • Grants Awarded Without Call for Proposals: Grants may be awarded without a call for proposals to bodies selected in accordance with the Annex.
  • Duration of Measure: The maximum duration of the exceptional assistance measure is 18 months, but can be extended twice by up to six months each.

Relevant Articles and Recitals

  • Article 1: Financing Decision - Adopting the financing decision for the exceptional assistance measure.
  • Article 2: Maximum Union Contribution - Setting out the maximum Union contribution and financing from the general budget of the EU.
  • Article 3: Methods of Implementation - Methods of implementation and entrusted entities or persons.
  • Article 4: Grants Without Call for Proposals - Grants to be awarded without a call for proposals.
  • Article 5: Duration of Measure - Duration of the measure.
  • Article 6: Flexibility Clause - Flexibility clause allowing for changes in the allocation of funds.

Sanctions Context

The decision is likely related to sanctions imposed on Bosnia and Herzegovina due to its non-compliance with EU requirements or its involvement in activities contrary to EU values. The exceptional assistance measure aims to support multi-level reconciliation initiatives, which may be affected by these sanctions.