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Significance
This follows the introduction of the Western Balkans Democracy and Prosperity Act by a bipartisan group of US senators in early August. Washington is thus planning to increase its engagement and develop new tools to counter Russian and Chinese influence in the region.
Impacts
Announced US military aid to some states (but not to Serbia) might accelerate the regional arms race that has picked up since 2015.
Green transition plans in the region will benefit from US support for energy diversification and reduced reliance on fossil fuels.
The private sector -- and especially female entrepreneurs -- will benefit from new US-funded development grants and schemes.
Keywords:
Balkans,
EUR,
United States,
Albania,
Bosnia-Hercegovina,
China,
Montenegro,
North Macedonia,
Russia,
United Nations,
Kosovo,
Serbia,
EU,
international relations,
security,
economy,
politics,
energy,
foreign policy,
reform,
talks,
corruption,
election,
foreign investment,
foreign trade,
infrastructure,
integration,
legislation,
military,
sanctions,
Fossil fuels,
Renewable energy,
Infrastructure
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2022
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