This is how the EU should mitigate the effects of Brexit | News

When The transition period for British withdrawal is over December 31 also marked the end of the free movement of people, goods, services and capital between the European Union, the United Kingdom and Northern Ireland, which severely affected people, businesses and authorities on both sides socially and economically.

To help Europeans adapt to the changes, EU leaders agreed in July 2020 to create Reserve adjustment for Britain’s exit from the European Union5 billion euros to be paid by 2025. EU countries will start receiving support from December 2021 from the reserve after Parliament approval. Members will vote on the reserve at their plenary session in September.

How much money will Sweden and different countries get?

The fund will help all EU countries, but the plan is that the countries and sectors most affected by Brexit will get the most support. Ireland topsFollowed by the Netherlands, France, Germany and Belgium.

Three factors are taken into account to determine the quantity for each country: the importance of trade with the UK, the value of fish caught in the UK’s exclusive economic zone, and the size of the population living in the marine areas closest to the UK.