Duterte administration informs that Philippines will stop receiving aid from EU

The Duterte administration informed the European Union (EU) that the Philippines will no longer receive financial aid from the bloc.

According to the sources, this decision would take effect for future projects for the government.

This might lose billions of dollars worth of aid from the European Union who also reportedly donated $40.5M dollars to the Yolanda victims.

EU Ambassador to the Philippines Franz Jessen said that European Union gave P3-B annually to the Philippines with the bulk of the amount going to the health sector.

The announcement happened after President Rodrigo Duterte successfully brought billions of dollars of investments and pledges from his visit to China.

Last year the China agreed to invest $15-B pesos in the Philippines in exchange of the newly built friendship between the two countries who became bitter in the past because of the West Philippine Sea dispute.

The European Union criticized the Duterte administration war on drugs and allegedly tried to pressure the government to investigate the alleged extrajudicial killings happening in the country.

President Rodrigo Duterte also dared E.U before to pull out their assistance to the Philippines for allegedly interfering the decisions of the current government.

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