Serbia will lose €1.5 billion in European funding if it does not demonstrate democratic reforms - European Commission

Serbia risks losing about €1.5 billion in European funding if it does not stop the “rollback from democracy.” This was stated by European Commissioner for Enlargement Martha Kos on Monday, speaking to members of the European Parliament, reports the Associated Press. According to her, the European Commission is “assessing whether the country meets the conditions for payments under EU financial instruments.”

The reason for the tougher rhetoric was, among other things, local elections in 10 Serbian municipalities held last month. International observers have recorded violence and violations against them. Kos listed Brussels' grievances: laws that undermine the independence of the judiciary, the suppression of protesters and systematic interference in the work of independent media.

Serbia, as an EU candidate country, receives funding from a special fund to support reforms in countries seeking to join the union. According to Kos, Belgrade has already received €110 million, but “about €1.5 billion remains in doubt.” Brussels expects Belgrade to bring judicial legislation into line with the recommendations of the Venice Commission and restore the independence of the media.

As noted, Serbian President Aleksandar Vucic declares a course towards European integration, but maintains close ties with Moscow. A year ago, despite warnings from the European Commission, he took part in the Victory Day parade in Moscow along with Vladimir Putin. Serbia also has not yet introduced sanctions against Russia.

Experts from the Venice Commission, the Council of Europe body on constitutional law, are also putting additional pressure on Belgrade. Last month, Venice Commission experts visited Serbia for talks with politicians and representatives of the judiciary. In the coming weeks, the commission should present a conclusion on the results of the visit. “Serbia must fulfill its obligations,” Kos concluded.