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European Union says Philippines declines new EU grants

AP  |  Manila 

The European Union says the sent notice it will no longer accept assistance from the 28-nation bloc, putting at stake 250 million euros (USD 278.7 million) in new grants.

There was no immediate explanation for Manila's position. But President Rodrigo Duterte had earlier challenged the to stop its assistance after the 28-nation bloc had warned that the risks losing tariff-free to because of the thousands killed in the war on drugs launched by Duterte.

The delegation in Manila said yesterday that the Philippine informed it about its decision this week. EU Ambassador Franz Jessen said 250 million euros (USD 278.7 million) worth of grants was at stake.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 18 2017. 09:42 IST