A new European Neighbourhood Instrument (ENI) has been established to facilitate cooperation with the European Union neighbourhood countries. ENI support may also be used for the purpose of enabling the Russian Federation to participate in cross-border cooperation, in regional cooperation with Union participation and in relevant multi-country programmes. The ENI budget is €15.4 billion for the period 2014-2020. The indicative allocation for Regional East program is EUR 418-511 million for the period 2014-2017. The four priority sectors eligible for funding include: Eastern Partnership including Flagship initiatives, regional cooperation frameworks, energy and transport, and horizontal and sectoral support for multilateral cooperation. For more information see the press release.