State and Resilience Building Contract in the Energy Sector RS2023AAP-ESP

€313.5M EUR

Funder	European Commission - Directorate-General for Neighbourhood and Enlargement Negotiations
Recipient Organization	REPUBLIKA SRBIJA*REPUBLIQUE DE SERBIE
Country	Serbia
Start Date	Feb 13, 2023
End Date	Feb 13, 2025
Duration	731 days
Number of Grantees	1
Roles	Funding; Accountable; Extending; Implementing
Data Source	IATI Dataset
Grant ID	`XI-IATI-EC_NEAR-2023-PC-26113`

Grant Description

Contract related to: State and Resilience Building Contract in the Energy Sector RS2023AAP-ESP - Energy prices in Europe began rising steeply in 2021 following the lifting of the pandemic lockdowns, followed by further price increased due to Russia¿s war of aggression against Ukraine in 2022.

The war upended energy markets, triggering heightened price volatility and energy insecurity impacting the EU and its immediate neighbourhood. The rise in energy prices rapidly contributed to already rising