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Ukraine’s Accession to the EU Could Bring 186 Billion Euros in Benefits

About 186 billion euros will be brought to Ukraine by joining the European Union (EU) within seven years. This is evidenced by data from an EU document reviewed by the Financial Times.

“According to internal estimates of the overall budget of the union, Ukraine’s accession to the EU will give Kiev the right to receive about 186 billion euros over seven years, which will turn “many” existing member states into net payers for the first time,” the material reports. newspapers.

The study estimates that all EU member states will have to pay more and will receive less from the EU budget. Such a measure would require “far-reaching” adjustments that could increase contributions from “rich” countries: Germany, France and the Netherlands. Ukraine in this case will have the right to receive 96.5 billion euros over seven years, and also qualify for payments in the amount of 61 billion from EU cohesion funds.

Existing rules for the union budget were applied to an enlarged version of the EU, including Ukraine, Moldova, Georgia and the six Western Balkan states. In this case, the budget will be 256.8 billion euros.

Earlier, the head of the European Council, Charles Michel, denied Ukraine joining the bloc this decade. Then he said that Kyiv could become a member of the EU if “both sides do their homework.”

#Ukraine #earn #tens #billions #euros #joining
2023-10-04 07:00:00

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