Estonia is ready to forego EU financial support: the prospect of multi-billions subsidies for Ukraine

Ukrainian and Estonian flags
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Estonia's Prime Minister Kaja Kallas has expressed her willingness to give up support from the European Union Solidarity Fund to facilitate Ukraine's swift accession to the bloc. An analysis by the European Union confirms that, given Ukraine's current budget structure, it could receive nearly €186 billion in subsidies over seven years, effectively transforming six countries, including Estonia, from net recipients to net contributors to the EU budget. Kallas called on other EU member states to engage in budgetary reforms that would support the admission of new members.

"It will happen eventually, but not right away," Kaja Kallas stated in a comment to the Financial Times . She reminded that these funds are intended to assist the economies of less developed EU countries.

Regarding Ukraine's accession to the EU, the European Council granted the country candidate status during the summit on June 23 in Brussels. However, Kyiv must undertake a series of crucial reforms related to the rule of law, combating oligarchs, and corruption.

"The Commission will recommend providing Ukraine with a European perspective on the condition that it implements a series of important reforms. Ukraine has clearly demonstrated its desire and determination to live by European values and standards," said Ursula von der Leyen, the President of the European Commission.

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