FT: Ukraine could receive €186bn in seven years if it joins EU

Ukraine will be able to receive €186bn over seven years from the community’s budget if it joins the EU, The Financial Times reports.

The publication refers to a document of the EU Council Secretariat with an assessment of the financial consequences of new members joining the community.

It is noted that in case of EU enlargement, all countries that are already members of the community will have to pay more and receive less from the EU budget. At the same time, many countries that are net beneficiaries (invest less in the budget and receive more) may become net contributors.

Currently, Albania, Turkey, North Macedonia, Montenegro, Serbia, Moldova, Ukraine, Bosnia and Herzegovina, and Turkey have EU candidate status.

Earlier, the head of the European Council, Charles Michel, admitted that Ukraine might become a member of the European Union in 2030.

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