- Oct 9, 1999
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EU estimates Ukraine entitled to €186bn after accession
Internal calculations suggest farm subsidies would fall 20% following enlargement to nine new member states
Ukraine’s accession to the EU would entitle Kyiv to about €186bn over seven years, according to internal estimates of the union’s common budget, turning “many” existing member states into net payers for the first time.
[...]
Ukraine would also qualify for €61bn in payments from the EU’s cohesion funds, which aim to improve infrastructure in poorer member states. With nine additional member states, the Czech Republic, Estonia, Lithuania, Slovenia, Cyprus and Malta would no longer be eligible for cohesion funding, the study estimates.
[...]
“These numbers aren’t going to work for anyone,” said Mujtaba Rahman, managing director for Europe at the Eurasia Group. “They make clear that root and branch reform of the EU budget and its major policies will be needed if Ukraine is to ever join, or that the entire Ukraine question will have to be dealt with innovatively and outside of existing EU budget structures.”
^^^ Contentious path to accession, to say the least.