The Cabinet approved the draft agreement with the European Union on realization of the program "Support of Joint Cooperation Initiative in Crimea."

According to the draft agreement, the EU over the future four years will send EUR 12 million for development of Crimea and Sevastopol, UKRINFORM reported.

The cooperation program, realization of which will start this year, provides for allocation of EUR 5 million for development of the tourist sphere in Crimea, EUR 5 million - for development of the social infrastructure objects of the Crimean Autonomous Republic and EUR 2 million - for attraction of foreign investments to the Sevastopol economy.

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